sa coal company 10m cash+55mt 13m market cap

Hi Guys

Plenty of upside in this stock imo, with drilling to start on the companies export thermal coal project (55mt JORC) as well as the other three coal projects once approvals are permited.

Stats
Market Cap 13m (14c)
Shares on Issue 95,000,000
Options on Issue 50,000,000 (Performance Options)
Cash 10.5m/ No Debt

Projects
# Moabsvelden Thermal Coal Project (74%)
Market value (Venmyn) of XCD?s in-situ share of resource
$18m (20cps). 3mt production by 2013, export grade
thermal coal, Low cost open pit operation 2:1 strip ratio

# Roodeport (70%)
Adjacent to UNV?s Roodekop project (84mt) and Exxaro?s
New Clydesdale colliery, in the heart of the Witbank
coal field. Historic drilling has identified coal over
at least half of the property (1,120 ha) including
several intersections near surface (such as 5.6m #4 seam
at 12m & 6.65m #2 seam at 25m.)

# Bankfontein & Vogelfontein: The Ermelo coal field (100%)
The two properties, Bankfontein and Vogelfontein,
together amounting to 2000 ha, are located amongst
several operating and historical mines. higher quality
coals

GL to all holders

GB