re: Ann: Coalspur Secures US$300 Million Seni... Agree.. I expect the price to start to firm early in January once people realise the scale and economics of Phase 1.
Still 227m to be raised which may include stakes sold to trading partners and other marketing agreements.
If you compare this to WHC which sold 4mt last year and is valued at 3.5B compared to CPL worth 500m.
I am not happy to give away equity in this project, but it looks like there is potential for plenty of value generated for shareholders who purchase at these prices.
Ann: Coalspur Secures US$300 Million Senior Debt , page-6
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