Printing in todays The West Australian Newspaper - WESTBUSINESS section page 8
Continental Coal
Market cap: $77.9m
12-month range: 16.5c to 62c
Tuesday close:18.5c
While there are undoubted ricks in operating mines in South Africa, US merchant bank Dahlman Rose & Company rate Continental Coal (ASX:CCC) as a buy with a price target of 35c. They say the progress on Continental's Penumbra coal mine, on track for production later this year, offers an attractive rick-reward balance if the company keeps its focus on cost levels and profitability.
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