Bounty Mining IPO, page-29

Going to be a cracker !

The funds have been screaming for a pure coking coal play on the ASX.

This is it. A gift from the Chinese. The IPO valuation is a fraction of what the Chinese have spent on the infrastructure. Its up and running. Cranking up to 2 mil a tonnes p.a next year. Average price of coking coal to Bounty is approx. $190 a tonne. Bounty's costs are less than $100 a tonne. Eventually be running at 5 mil tonnes p.a.

If you wanted to start a coking coal project today it would take you 5 years to obtain all the relevant permits and infrastructure.

The USA based Xcoal are apparently going to end up with 10% of the stock. They are obtaining their stake through the IPO.

You can't build the silk road without steel. You can't make steel without coking coal. On top of that we have synchronised world growth with massive infrastructure plans throughout the world.

As a bonus we have management who have done it all before and have managed to snag this asset just as the coal cycle has just restarted its upward climb.

Glad to be on board this train ride.