At last coverage from Pattersons. This is an extremely...

At last coverage from Pattersons. This is an extremely conservative report and may be the start of a very rapid rise to greater heights.

"  We  have upgraded our coverage of AYA, now having modelled
     its  key  Kodiak  coking  coal project in Alabama. Using conservative
     assumptions  for  capex,  opex,  and  coal prices, we value Kodiak at
     $200m  for  AYA’s  70%  share of the project. Our per share valuation
     includes  a  large  dilution  for options on issue and any capex gap,
     that  we  assume  will  have  to  be  filled via equity, and it still
     results in a valuation of $1.19 per share for Kodiak"

With amount brokers who have been on site one thinks this may be the first of many.