initial target 30 cents, longer term 90 odd cents.
Brenden, Eskom coal will be much less, but expecting better thermal coal prices as we go forward, so just averaged out."
Stoker1, I took your original figures to be eps 3c not .3c so no issues with the decimal point placing....... I follow about 30 coal stocks and the initial market assessment is ALWAYS conservative in emerging coal producers. CCC no different and the mid term outlook for the share price and market cap is very good. Eskom contracts are historically lower pricing so the % of export is the key for eps. Eskom can take the left overs every day of the week but it's the transport capacity of the export logistics that will under score the CCC market cap. With off take agreements and set volumes to funding agreements, the capacity to ramp and increase volumes to off shore buyers will be the key factor, the export coal is what I'll be looking for in the announcement.
CCC Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
