lemon400,Back on my original post on WAL also came up with a...

lemon400,

Back on my original post on WAL also came up with a similar initial valuation of CLR which has proved conservative. Tight registor is helping but more so imo since listing is appeal of management, infrastructure, increase in coking coal prices,potential corporate interest in CLR as well as other coking coal companies including NEC and RIV, exploration appeal and limited investor opportunities in coking coal companies (NCR has more thermal than coking coal btw) with JORC resources.

Also, although further advanced than CLR, BTU is trading at plus A$700M with another US$80M in vendor payments. The two companies have similar JORC's and maybe looking at comparable production rates. Lot of work to do for CLR but provides strong long term appeal to increase value from these levels.