bowen basin coal and idl

I see today Cockatoo coal have confirmed JORC compliant resources of 21.9M tonnes of coal at the baralaba mine effectively linking the existing mine to the immediatly adjoining north mine section.

This should bode well for IDL as they have an announced contract for 300,000 tonnes per annum at Cockatoo ... which should now also grow in volume ,,, and revenue and subsequent margin. The recent capital raising at Cockatoo was to fund growth etc. 300K to 21M provides for a good sustainable revenue flow ,,, so long as one performs well on the job.

Combine this with the RIO expansion a few days ago and Huddy's are further into growth mode.

I reckon it wont be long before some more insto's start sniffing around as they will move off the easy money from the banks and blue chips and onto to the likes of an IDL - all good for the existing holders.