Over the past few weeks I have spent hours, on my friend excel,...

Over the past few weeks I have spent hours, on my friend excel, comparing various coal companies. Obviously not really comparing apples for apples as these companies are in different basins and at different stages of development/production, however its a good exercise to establish what share price ranges are possible, subject to what we know now to be true.

2011 - 2 MTPA = Share could be in the range of 41cents - 94cents

2015 - 10MTPA = Share should be in the range of $2.07 - $4.71

CCC is well undervalued IMO. A re-rating to 41 cents is possible.