Many analysts are tippping thermal coal to be bulllish this year.
This is why I have chosen JAL (Jameson Resources) as my pick for 2010
reasons:
- current JORC high quality resource 124 mt (currently being expanded)
- in existing Canadian coal province
- most infrastructure already in place
- capex estimated as being a third of a typical aussie operation startup
- will be producing by years end
- coal is highly sought after from this area
- tiny 25 million market cap
example of coal producer P/E ratios
Macarthur coal - 11.92
Centennial coal - 18.72
whitehaven - 7.32
average of these would be around 12.5
at 1 million tonnes a year JAL should make 13 or 14 million NPAT
12.5 x 13 = 162.5 million market cap ($2.56 a share)
that is eight times the current price
get in now, sit on it for the medium term and you will be greatly rewarded.
canadian thermal coal is a hot commodity
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