TVN will bump around between 5.5 - 6.5c before the next news, the resource drilling they are doing will be a thumper of a JORC when they deliver it, sometime between now and the maiden resource statement TVN will get the serious rerating. Im prepared to guess they could easily be sitting on a billion tonnes of coal, not sure how the market would value this and translate this into a fair market cap for TVN. Could anyone work out a ball park value for a billion tonnes of coal considering the coal qaulity and proximity to infrastructure and asian markets.
TVN Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
