Hi LittletiaEven at $1.20, we are only looking at a market cap...

Hi Littletia

Even at $1.20, we are only looking at a market cap of $60 m. If they are sucessful with drilling all 5 of their coal projects we could be looking at much more. A succesful drilling programme on one project alone and prooving up a 200 m tonne coal resource would be worth at least $4.00 share, even if you assigned a value of $1.00 per tonne resource value.

This company at the moment has a tiny market cap of $9 m. Much is in store for us this year. I read somewhere that you need 10 tonnes of coal to produce a tonne of iron. So it is only logical to assume the next hot commodity will be coal. Bowen is very much like an emerging Cockatoo. It should get re-rated, it is so obvious for me to see.

Surprised more people cannot see it. Great leverage on the 20c options @ 3c, they could be anywhere between a 50-100 bagger before they expire in Nov 09, as they are not that far out of the money now and I expect a lot of things will happen this year.

All the best

Scott