Its still mind boggling that the price is where it is given the amount of coal were sitting on already and are potentially sitting on all up.
I`ve no reason for saying this at all, but I feel(beleive or whatever) there`s going to be (conservatively) at least double the current amount of coal accross all tenemants in SA, given the enormus amount discoverd at this very early cash strapped stage, Grooteguluk has about 6B tonnes from memory and its just down the road, and even at the current 740m puts us well into the big league, most small coalers are only around the 200-500mt max range, some even as small as 20mt.
1bt+, puts you anywhere in the $1b market cap(or $3-$4 sp) .10times the current CDS Mkt cap and we have 740mt with 98 holes to go.
18mnths time CDS $2 no problem
CDS
comdek limited.
