well (64eheh), if they announce "train tracks in Botswana", the game will be of different scale, using DCF peers valuation:
Estimates of SP will be $0.97 in a conservative way...
Project1 : Sales of washed coal to domestic and regional markets. Expansion to produce coal sales to power stations...
-->estimates SP projection = $0.21
Project2 : export of quality thermal coal to India...
Assuming that they export the quality coal to Indian thermal coal market. It is assumed that new rail and port link have been built (going through Namibia and/or Zimbabwe and Mozambique).
-->estimates SP projection = $0.76
Cheers,
djc broker update 21c per sahre price target, page-13
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