the coalworks valuation thread, page-33

$45M EV values the current coal JORC resource at about 15c per ton in the ground...I expect a JORC number increase by end of current drill program. say they get it to 400m tons being conservative...thats 11c a tonne in the ground at current SP. With thermal coal selling at circa $150 a ton spot...I think 11c a ton is undervaluing the asset at oaklands a bit!

madness...smells of manipulation by a few players to get cheap stock