Also topped up this week.How many times can Gizard say...

Also topped up this week.

How many times can Gizard say "no-brainer" this year???

:)


CLR's target minimum 480M T coal, at $1/T translates to approx $4.80 sp longer term.

WAL's CLR holding alone therefore longer-term worth $1.80 (23M CLR shares) - just for their CLR shares. Who cares about WAL's own projects at this point....!

In addition initial JORC for Grosvenor West came in at double estimated target -



Above is from prospectus. Actual JORC came in just before CLR listing at 90M T, just for Gros West which was estimated at 45M T. If that sort of increase in estimates continues for Dillingen...

Heaven forbid the market should start to value CLR's coal at $2 or $3/T. Then where would WAL be...

:)