I guess you need to do a detailed comparison on peers in Botswana such as AFR on Jorc Coal reserves, coal quality and depth distance to infrastructure (road, rail, pipeline, electricity, water and population centers),
Progress towards feasibility and bank study etc etc and then compare the mcaps and decide for yourself what the true value of this company is and what it will be... All I know is that it is well north of its current value...
All is IMHO DYOR to confirm
NMR Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held
