ccc growth projections, page-24

5hareholder
I believe you should take account of the following.
1. Assuming thermal coal stays at $120/t for the next 3 years is a HUGE assumption. Most experts are predicting declines down to closer to $80-90/t by that time. Re-run and you will see a massive divergence in your numbers - Ie 1/3rd the profit if it drops to $80/t.
2. BEE - CCC don't get to keep all that. Edison Report shows minorities taking 50% of earnings.
3. Overheads - these boys are burning $30M a half at the moment with no revenue coming in - one can only guess what they'll spend if they really ever do have $200M coming in.
Considering the above, the long term fundamentals are still questionable I believe.