worth a review, page-8

just been reading up on co ckatoo coal , they have some cash in the bank but so far not a great deal of coal , and the size of there board!and investments and the shares on issue,336 million +73 million options.and all these share holders for

what they cok have in resources and reserves its looks over priced to me. and makes bwn look so cheap for what it has .



comparing cok to bowen & it agreement with bhuhsan and how much money bhushan put in reading last annoucment shares and options, if all excised , its very impressive.

10 %epc 930,epc 1014,epc 1085,epc 1001,epc 1002

15 %epc 1045


and how much cash that will generate on 10% or 15% at current thermal coal prices of a 100 mt ton deposit (or more )is quite a lot,dont forget bowen is free carried to its commisioned under the jv,with that money it would be more that enough to develop some of there other coal projects that bhushan may not be interested in on there other leases. including non coal assets.