NAE Chart, page-1199

Hey Guys I have done a bit of searching around the net regarding NAE's Coking coal.  I found a recommendation from Beerand co back in 2014 regarding NAE's Lochinvar Coking Coal Project .

http://beerandco.com.au/wp-content/uploads/2014/09/NewAgeExploration_2014Sept04.pdf


It almost seems relevent for today same share price, same coking coal study

I tried to compare market value with a comparable coking coal company.

I found Tigers Realm Coal Ltd which has a 80% stake in a 632 Mt resource (505 MT) of coking coal  and a current market cap of 94.96M

NAE has an previously estimated resources of 111Mt (some of which is inferred) and a current market cap of 9.87M.

Tigers Realm is in a great position to feed Asia and some resources (and is currently in production with first coal sales to be in June 2017) and has a few good assets.  

This should put the Market cap of NAE in the vicinity of 20.87M (2.11 times current value)... this is for the Coking coal Lochinvar project.

The tin on the other hand, they have a 50% in Redmoor Tungsten-Tin Project

I also found a Beer & Co presentation on Redmoor Tungsten-Tin Project... seems like Beer & Co really like NAE.  This one was recently in Nov 2016

http://beerandco.com.au/wp-content/uploads/2016/11/NewAgeExploration_2016November.pdf   

Compare it to Wolf Minerals in the UK, they have a 145.2MT of WO3 @ 0.15% and 0.02% SN and have a market capital of 70.53M

If NAE has a 13.3Mt @ 0.37%WO3Eq (0.56% SnEq)
   2.3Mt @ 0.80% WO3Eq (1.19% SnEq).
   4Mt to 6Mt  0.6% to 1.0% WO3Eq (0.9% to 1.5% SnEq).

They have about 20.6 Mt with about 2.5 times the concentration of WO3Eq and over 28 times more WO3Eq than Wolf Minterals Drakelands Mine.

Assuming the lower of just 2.5 times, that will give an equivalent MT of 51.5MT and is about 35.4% of the Wolf Minerals deposit... give about 25M of market capital, and owning 50% gives  

12.5M to the market Capital.

Total market capital should be around 33.37M... current market cap is 9.87M ???

The realisation of either the current Tin or the future coking coal should at least double the share price, and with the realisation of both should go over 3 times ???? and that's not even taking into account the Otago South Gold Project in NZ.

Now I appreciate that both the companies that have been compared (Wolf Minerals and Tigers Realm) are further down the production line, and also that NAE will have to be paying up some $$ in infrastructure but NAE still have 2M in the bank

...all I can say is that I'm very happy to be holding at these levels and with every pay day I'm buying more .