See your point but I think its a bit harsh. I know this isnt a CPL thread but Im trying to give some perspective. CPL will probably end up with about 2 billion tonne Jorc and right next to a rail line with plenty of capacity. It should be operating by 2014 but still only has $300 mill market cap. To give CCC $1.07 in ground value is a dangerous way to value the company.
It all seems good, but I wouldnt get too carried away yet. 3 billion shares is a hell of a lot.
Good luck
gmc
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