check out coal price in 2007, and remember average PE for ASX...

check out coal price in 2007, and remember average PE for ASX was 25-30 during 2007-2008.

So it is impossible to reach $1 in near future with this economic environment.

plus there is high chance for nmr become ccc, this hapen to lots of coal company when they try change from explorer to producer.(eg, if they sale most of coal to power station, then it will become ccc with negative profit)

i will hold nmr untill jorc, then won't back untill first export coal sold.

http://www.indexmundi.com/commodities/?commodity=coal-australian&months=60