paterson say buy- have target at $1.10, page-6

Hotfire,not questioning your math but Wusaty said in his presentation in Hinton, that CPL would be the biggest coal project he has been involved in to date.SouthGobi, which is one of Gene's developments, is currently trading at $12.02 and has had a 52 high of $20.00.I know the price of coal has a lot to do with the SP but the projection for thermal coal prices for 2011-2015 looks good.
I will be happy with your $3.78 projection but IMO, based on Gene's presentation, I hoping and expecting for more.
Good luck to holders,and future buyers