NAE Chart, page-1200

Nice research and comparison Garra.

Correct me if i am wrong but we might actually have around 3m in cash after receiving money from JV. Which even further shows how low our EV is, when considering all 3 projects.

On NAE's website all research reports are available from previous years if you want to find them.
http://nae.net.au/investors-and-media/research/

When the project was first obtained beer & co actually valued the company at 18c in 2014 and 36c by mid 2016.
That continued to dramatically decrease with the falling coking coal prices.

I'm hopping now with a recovered coking coal price and lower capex we can see another valuation around these figures.

I have posted a comparison chart in the past which shows our project compared to 5 other companies and how undervalued we currently are with possible potential. Ill try and find it and repost link.