Multibagger potential -EER
Based on today's coal price, EER's coal resource worth around $150 billion. But its market value is only around $63 million ($72m - $9m cash).
BND latest presentation (5/4/11) shows it has 1.483 billion tons coal with market cap of $750 million.
BND has around 12% more coal than EER,
BND's market cap is 1190% of EER's.
Althouth they are in different stages of exploration, but EER will update JORC resource by the end of April, and should not be such heavily undervalued.
Disclosure: Stock hold for LT.
DYOR.
GOOD LUCK TO ALL.
Be fearful when others are greedy and greedy when others are fearful - Warren Buffett
Based on today's coal price, EER's coal resource worth around $150 billion. But its market value is only around $63 million ($72m - $9m cash).
BND latest presentation (5/4/11) shows it has 1.483 billion tons coal with market cap of $750 million.
BND has around 12% more coal than EER,
BND's market cap is 1190% of EER's.
Althouth they are in different stages of exploration, but EER will update JORC resource by the end of April, and should not be such heavily undervalued.
Disclosure: Stock hold for LT.
DYOR.
GOOD LUCK TO ALL.
Be fearful when others are greedy and greedy when others are fearful - Warren Buffett
