WAL
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0.00% 0.6¢ wavenet international limited

pirate special, page-84

  1. JID
    3,568 Posts.
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    17/01/11
    14:00
    Post #: 7746742
    Hi Guys,

    Obviously WAL is a leveraged play into CLR plus their own coking coal prospects.

    Do you think that CLR is becoming a bit 'over heated' in its own share price?

    I note FRB indicated $2-3 per t of coking coal in the ground as a valuation measure.

    Thus, for CLR's current JORC (92mt) that would indicate $184-276m MC, however, their target of circa 400mt is a lot higher...

    Any thoughts?

    Cheers
    John
    WAL Price at posting: 43.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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