I agree, I purchased this for when (it will be if they pull this off) it hits at least $2. That would only be 100mill MCap without the new cap raising and still dirt cheap for what they have - I have read reports of valuations for JORC resource of this kind of coal on the AFR site at up to 20-25c a tonne. That would value us alone right now at close to $2 a share let alone once the drill start proving up resources.
Good luck.
HDG Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held