short term price target of $0.13 fully diluted, page-6

Here is a link to the report:

Old Park Lane Capital - Initiating Coverage: Continental Coal

Continental Coal ("CCC") represents an attractive investment opportunity as the company transitions from a junior to mid-tier thermal coal producer. The transformational Mashala Resources acquisition provides immediate export production and access to rail and port infrastructure. With an excellent project pipeline, the company should have four mines in production within the next 18 months and aims to produce at a rate of 7 Mtpa ROM coal by 2012. The company is ideally placed to take advantage of the strong outlook for thermal coal prices and as Continental ramps up production, we would expect a significant re-rating of the stock.