australian stockbrokers - wake up!, page-70

"Currently CCC in my book is way undervalued. Ferreira @ 700K tons x minimun 40$ tonne profit x PE 20 = Closer to 1 bil than where we are now. That is what the market values coal stocks at. CCC will be no different."

Not so sure you can value Ferriera so highly, Massey. This is a short life mine - if they can't get access to neighbouring land the coal may run out in 12-18 months. If it had 20 years of life then yes a PE of 20 would be fair.