UNV 0.00% 16.0¢ universal coal plc

can anybody confirm

  1. 741 Posts.
    I'm referring to Investor Presentation as of yesterday, 14.07.11.

    For Kangala mine it says:
    Target development:
    * Targeting 3.0Mt pa production rate Commences H2 2011

    I can't find anywhere to confirm production is starting in second half of 2011. I called the company but nobody is available. May be Monday, I was told.

    Can anybody confirm that this is a true statement?

    Then I start calculations:

    3MT at net selling price (conservative for Thermal) $150/t
    Thats $450mln / 160mln shares approx $2.80/s. With PE of 6 that is equivalent to $16.80/s

    That does not seems to be right.

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