Folks
Just looking at the resources figures from CDS's Waterberg Project:
Zoetfontein: 75.4 mt
Lisbon: 17.1 mt
KLZP: 322.5 mt
Total JORC inferred resource: 415 mT (with 30% coking & 65% thermal coal)
Coking coal rates: $300/t (124.5mT)
Thermal Coal: $130/t (269.75 mt)
This gives CDS an inground values of $72.4 billion worth of coal.
Cash on hand: $1.8 million
Shares issued: 649.6 mil (as per their May preso)
Unlisted options: 91 mil
If the revised resource figures is say twice or three times previous estimates, then that figure of 72.4 bill goes out of the window.
Someone could perhaps run a DCF model on this perhaps (at say 10% discount rates).
cheers
Advantage is close proximity to infrastructure & very power hungry SA market.
CDS
comdek limited.
