african energy look-alike, page-3

http://www.hotcopper.com.au/post_single.asp?fid=1&tid=1319092&msgid=7424375

This was done by GS few weeks back like his username this post is GOLD here is gist of the post

Fundamentals

$22m market cap.
Cash $3m ( & $1.5m due in Jan, $11m due on finalization of power project)

Various projects including:


1.Kenyan 2,800km2 gold and base metals. Massive sulphides hit this week at VMS style copper deposit
2.WA gas & coal power project
3.90% of 895mt Botswana coal and power station project. (CIC (TSX:CIC) have this week agreed to be sold to Indian conglomerate focusing on their 2.2bt coal next door. Price - $422m CAD).
Project looking to produce 10mtpa of thermal which at current prices would be worth $1.09b pa.


Diagnosis/Prognosis: Hit hard by GFC and forgotten. Now with copper and coal prices bouncing back, money is beginning to flow back. On the coal reserves alone, this is the cheapest stock on the ASX @ $0.024c per resource tonne. Further upgrades expected.