With the thermal coal price sitting at around $114.00 per tonne and the expected output of 6 million tonnes per annum, sales would be in the vicinity of $684 million per annum. This would add a huge increase to our market cap. If finance occurs, I would expect the share price to jump to $0.50 rather than $0.22 as mentioned above. I think I’ll try and grab a few more as we are on the cusp of something large. You still coal to charge all those batteries...
RES Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held