coking coal plays - juniors, page-16

COK -

"Cockatoo Coal has significant reserves in the Bowen Basin and major venture partners. Bowen expansion should provide support for the share price while options in the Surat Basin provide upside."

Broker news comments: "Target price is $0.75.Current Price is $0.52. Difference: $0.23 - .


Just a quick summary -

-TOP20 HOLD 60% - So that looks good

- Traget 2.8Mtpa by 2014 - 3oo% ,so 100% PA

~750,000 tpa target - talking $90m here!!
2011/12 FY

-Cash at 31/12/10: A$24.7M

-Getting good coverage , with buy target .75

-3.5Mt Bowen Basin BFS due Dec 2011 - massive!

- Cockatoo 5% shareholder in ATEC
(ATEC member of Surat Basin Railway
JV with Xstrata and QR)
- JV responsible for development of
Surat Basin Railway

? Planned financial close by Q4 2011


-$A0.53/sh $A1.89/sh in 3 yrs - 1oo%PA growth on SP

Parnters involved -

Cockatoo Coal?s strategic relationships are
unmatched among developing Australian coal
companies

? JFE Shoji ? 37.5% JV interest in Baralaba
Mine/ 20% JV interest in Baralaba expansion

? KEPCO ? 100% interest in Bylong NSW
project, appointed COK project manager, 5%
interest in COK

? Mitsui Corporation ? 49% JV interest in the
Collingwood and Taroom Surat Basin projects.

? POSCO ? 70% JV interest in Hume NSW
project, appointed COK Hume project manager,
13.3% interest in COK