Current SP is not a reflection of the true value, look at it this way, before the greens take over you want to own the mine because that way they can not close it down, considering coal will be in demand for a very long time in Asia as they do not give a hoot about carbon tax or climate change the important thing is to guarantee supply. $1.00 per share is very reasonable, the only reason it is so low at present is because of the GFC, Mining Tax, Carbon Tax and sovereignty issues.
COK Price at posting:
35.0¢ Sentiment: None Disclosure: Held
