morgans strong buy on gcl, page-4

I hold GCL, with an average buy in price of $2.00.
I have a excel model of GCL’s earning for FY2005 (Ending 31 Dec 2005). I’ve forecast EPS of close to 30c for the September and December Quarters with an approximate dividend of 25c some time early in 2006, and a September dividend of 10c. Full year EPS of about odd 80c.
With coal prices remaining firm I predict that 2006FY will be huge, they are reducing debt approximately 6M$ per quarter and they should have most of it paid of in mid 2006.
The only issue at the moment is the mine life and keeping costs down, if they can do that then I cant see why they wont reach $5.00 by early next year.