Ok Wang - let's talk value.Market Cap of PDZ is sub $100millThe...

Ok Wang - let's talk value.

Market Cap of PDZ is sub $100mill

The coal asset:
- Looks to be substantial
- Has been extensively drilled (did you see grid pattern in announcement) and so exploration risk (usually the risk investors get paid for) would appear to be zero.
- Thermal coal in a location where the market is growing
- Management has done it before
- Is next door to an operating mine with a market cap in excess of $1 Billion whose published growth plans were centered on mining the coal seems that are now owned by PDZ.
- PDZ have indicated that they will move quickly to a resource.


I suggest that this will play out exactly as you describe:
a quality situation (which is obviously there for the taking) where the underlying value is about to be priced in by the market.

The underlying value here (which will get priced in)is:

1. A large quality thermal coal JORC resource
2. A pathway to development
3. A clear M&A opportunity with neighbour (Middlemas speciality)

Lets watch....

J9