independent report. 400% sp gain in 12 mnths , page-7

The RM report was paid for. The GCR report perhaps was independent. Still great news though and hopefully that will help the share price for holders.

A couple of things to be wary of:

The reports talk of thermal coal being exported to China. I thought it had to be sold to the local government body to meet indonesia's power needs? The local gov only pays birdseed for thermal coal (no competition) and is now lifting its requirements (quota the local companies have to supply it with before they are allowed to export).

If PZC wants to make any money it will have to obtain an interest in coking coal. Another coal company KRL, with a 248 million tonnes thermal coal resource, have put their GPK mine on care and maintenance (!) after selling their first 20,000 tonnes to the local government for birdseed. PZC is only talking about smaller operations than this...

Are the companies associated with PZC really going to have 1.5million tonnes mined by end of this year as suggested by the RM report? Sounds pretty unlikely. Not much at all will be happening in August during Ramadan. Indonesian operations are notoriously slower than they should be... On that basis the income generating statistics provided in the report seem very over optimistic.

Best luck to all holders though.