company presentation, page-28

Hi guys,

Great information from all angles. Just to add a little:

CCC is a spec company and is priced as such. There are postives and negatives that go into deciding whether 6c odd is worth a punt:

POSITIVES:
- Near term production
- Multiple mines
- Lots of coal
- Low market cap and share price (relatives to 'positives')
- Recent funding in place
- Endorsement from larger investors (CFE and LRF)
- South African electricity supply/ demand
- Indian supply/ demand
- Medium Term global demand/ price projections
- Differing grades and uses for product (domestic/ export)
- Low cost base from open pit, relatively low overburden
- Transport/ washing infrastructure in place
- Logisitics access agreement signed
- India on the takeover trail in Aust, Indo, SA to meet ST supply shortfall (thus pie-in-sky projects not appealing)

NEGATIVES:
- Not sure exactly when mine(s) will start production
- No firm supply contract with Eskom yet (or export)
- May need more money to get all mines to production
- Pricing/ margin uncertainty
- Numerical discrepancies between various reports
- Inteq report comissioned and thus not independent
- Some HCers have concerns over Board members credibility
- Some implied uncertainty over mining licences by HCers


This is why CCC is priced at 6c relative to Inteq's considered valuation (even if it can't be seen as independent).

If all the positives come to fruition then these prices are bargain basement... if negatives occur then it may be a long term dog!

This is what makes small species so much fun :)

I'm buying via the 2013 options - but only with my play money!!

Cheers
John