RE: Question for EVERYONEI'd say that with so few shares trading this that we should expect a minimum of around $5/share with each coal strike. Variables in that would be the thickness of the intercept and appearance, should it actually vary . The probability of hitting coal with each hole - assuming they move further away - is much less likely so the premium for each hole should move up to $10 as we complete all 7 . JMHO. It is a fun but mostly useless exercise for us to do this but so is all prognostication .
I don't expect too much analysis from the lab until late Aug. I don't expect any coking coal. I think the upper limit to use for determining the coal's raw value /tonne at this stage would be $40-$50 , maximum.
Crocky