I believe that your valuation of CLR is grossly underestimated....

I believe that your valuation of CLR is grossly underestimated. How did you come to the $1 valuation??

Best to compare CLR to NCR, even tho it is a bit further behind it does not suffer the same political problems that NCR has run into. I think CLR is worth something around $2.50 on a valuation comparison to NCR.

I think some of the key attractions of CLR is the quality of management, ie MD Mitch Jakeman who was General Manager of Anglo Coal in Middlemount, Central Queensland.
CLR has also proved up 90 Mt of coking coal at the Grosvenor West prospect within its Mabbin Creek tenement, hence it is a possible takeover target as its Mabbin Creek tenement is next door to Anglo Coal's Moranbah operations.