It's still good value even at a $16m market cap.
When you're talking multi TCF potential, even multi BCF potential, the upside is staggering.
Not without risk though.
You have to remember why they are here in the first place - because gas is so willing to shoot out of the coal, that it needs to be de-gassed. What does that tell you about the permeability and the likelihood of gas being extractable.
Just my opinion.