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
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