I agree. I have the ABN Amro report dated the 10th Dec 2004 and they had a target price for GCL of 2.45. They estimated that if GCL is able to extend the mine life then it would be worth approximately 50c a share according to ABN Amro calculations. Now if we factor in the new long term contracts and the rise in share price of other coal companies I think this one may still have some upside.
