Hi AllWhilst the current share price is somewhat disappointing...

Hi All

Whilst the current share price is somewhat disappointing CPL is still under coverage at 6 broking houses with a consensus target of $2.29. Nothing has changed apart from CPL being further de-risked via the transfer of the mine permit and processing plant approval. We all know the value upside with further resources and reserves and the increasing of the Vista production profile. Vista's NPV will grow well north of the $1.5 billion as stated in the PFS. Increases in production tonnages and yield and decreases in Capex by contract mining rather than purchasing own equipment should ensure this. Then we have underground resources and reserves. All current resources and reserve JORC tonnages are for open pit only so if underground is viable then they should increase significantly.

Anyway patience is the current game for all long term shareholders. To pass the time read the two links for Haywood Research one for 28 March and 13 May. The value upside is clearly evident.

http://clientcentre.haywood.com/uploadfiles/secured_reports/CPTMar282011.pdf

http://clientcentre.haywood.com/uploadfiles/secured_reports/CPTMay132011.pdf

Regards
Danash