Yep, and I just took another look at the most recent analyst...

Yep, and I just took another look at the most recent analyst reports on the company and potential outlook. Sum of parts valuation = 9 cents per share. Old news (not very), but a good place to start if you're wanting to do background research.

That's a possible x5 banger right?

The are available here (the second report dated 17-Feb-2016) provides the details back story of CNX - makes for good reading:

27-Apr-2016
APP Securities Company Research - Update
Given our revised valuation and price target still significantly exceeds current share price our Speculative Buy recommendation remains. Target Price A$0.09

http://www.carbonenergy.com.au/IRM/...9-64754984/APPSecuritiesCompanyResearchUpdate

And here:

17-Feb-2016
APP Securities Company Research
CNX is a resource technology company based in QLD focused on development of its keyseam underground coal gasification (UCG) technology (as developed with CSIRO). It is the only company so far to successfully complete a full life cycle UCG trial under independent environmental control.
We have determined a valuation of $0.23/share based on the successful rollout of the companies licensing model in mainland China, coupled with the inherent value of the companies existing technology.

http://www.carbonenergy.com.au/IRM/...Fs/2316-98679721/APPSecuritiesCompanyResearch

MMMM