I posted this on the TRF thread the other day, and now it looks like something is brewing. Get on while you can... up 33% today and 90% from when I tipped it... Sellers drying up... DYOR
A company has come to my attention which I believe also holds great potential, for those of you who have some spare cash outside of TRF ;).
Recently listed, CES has extensive coal tenements in Indonesia which I believe bely it's relatively small market cap. Management appear well connected and like iron, open pittable coal resources are relatively easy to understand, and I believe they will prove up most of their conceptual resource pretty quickly.
Production by 2008 is the goal. With the breadth of tenements under their control I believe that this is an excellent ground floor opportunity much like TRF was back when it first floated.
I would anticipate that as they drill up the first project we will see multiples of the current price, especially given the current demand for low cost coal in the region, and relatively low cost of mining and shipping ex Indonesia.
I believe it has been overlooked in the current uranium hype but that we will soon see appreciation of the projects as they progress development. For comparison see CZR for another company operating in the same region. Just thought I'd post it here first for all you loyal TRF holders from way back...
Cheers,
UIO
I posted this on the TRF thread the other day, and now it looks...
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