CPL 0.00% 2.2¢ csl finance plc

bmo capital research, page-3

  1. 1,858 Posts.
    Great find (once again) Danash.

    I was wondering on your outlook for CPL personally. I found Gene extremely bullish in his (ASX Small to Mid Caps conference in New York) presentation.

    Vista South:
    1)recent announcement of promising drilling "potential of continuous 11km strike length zone"
    2) Gene confirming possibility of satellite mine.
    3) Zero value to this project at present

    Vista:
    1)10mill+ pa mine (in Gene's presentation)
    2)recent ann "Silkstone seam could be present over a
    16km strike length within Vista"

    It is hard to keep a lid on excitement esp when you look at PFS technical report - NPV table towards back with changes in NPV with varying production and coal price changes.

    Welcome any comments Danash (and others) but for my mind we are looking at a very rosy 2011 and there may just be some competing bids for this company. $4-$5 takeout price is getting more realistic IMO.

    Cheers

    Nick
 
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