gmp report - prepare to be rerated, page-8

look at it this way, guys... very conservative indeed...which also means a safe very very level sp 0.11 (the least)

other assets only valued at 31 mil?? hah.. botswana?? definately for now.. hmmmmm

it all comes down to using p/e (earnings) or p/s (sales) multiples i guess, different brokers use different methods. looks like gmp only use in-ground value (also very conservative!) of existing projects.

anyways, outperform stocks tend to have p/e x20, some even x25! i'm not saying it will happen to ccc tomorrow but it does have the catalyst/criteria-- thermal coal in demand, ramp up production, 2 more projects coming online by end 2011, m&a activites, botswana, kenya (maybe).. gonna be a busy year for ccc team.