Suppose that you are a cashed-up Chinese steel mill that wants a...

Suppose that you are a cashed-up Chinese steel mill that wants a consistent/non western source of coking coal, what would be your opinion of TIG?

IMO, rather than pee around with a gradual development plan, the Chinese would likely get stuck into the project with a 12 month a year port, rail lines and state of the art washing/grading and loading facility pumping out at least 10 million ton of coking coal a year within 2 years. This, IMO, would likely cost a few Billion but return half a billion a year profit or 25% p/a return on investment.

The big question is how much would the Chinese pay for TIG as is?

With a current market cap of $88 AUD odd million, shareholders would expect a fair cop for their holdings. Would $400 mil USD ($512 AUD ) do it?

That would be about 28.5c/share or 63c (US) a ton in the ground, which, for many shareholders, this would be preferable, IMO, rather than leaving shares in the bottom drawer gathering dust & missing opportunities elsewhere.