Ann: Penumbra Mine Equipment Delivered for First , page-7

re: Ann: Penumbra Mine Equipment Delivered fo... So they are telling us it's worth more and we don't fully understand.
Perhaps they need to ask CCC what the problem is.
Or did CCC tell them only half the story aswell!

On a side note, will be interesting to see what sort of offers have come into conti's hands for the crappy tenements!

http://www.proactiveinvestors.com.au/companies/news/33845/continental-coals-penumbra-coal-mine-on-track-and-on-schedule-33845.html

Analysis
Penumbra has impressive metrics perhaps not fully understood by the market.  With Capital development costs of approx US$40m, Penumbra is forecast to generate annual sales revenue of A$45m and annual EBITDA of A$17m.
In addition, Penumbra is fully funded into coal production with first coal production slated for 4Q 2012.  Penumbra is forecast to more than double the company’s production of thermal coal in the short term and double its earnings in the medium term.  
In short, Penumbra provides an inflexion point which should provide a base for re-rating as the countdown to production gets nearer.  The current valuation of $24.9m (share price of $0.058) for CCC does not reflect this incoming cash generation profile.
Proactive Investors considers that a fair value share price for CCC given the above and value of other coal assets is closer to $0.10 to $0.15 in the next 12-18 months.