bmo capital research, page-3

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