CCJ - County International

[System]

County Coal Limited (CCJ) is an Australian coal exploration and development company engaged in the acquisition and development of thermal coal resources and projects in the USA. In particular County Coal invests in thermal coal resources and projects, with export potential in proven quality thermal coal producing regions.

The Companys focus is on generating sustainable long term revenues and shareholders wealth through the development of its current export coal projects in the Powder River Basin in Wyoming. The state is the powerhouse of US thermal coal supply and the company intends to direct the sales of this coal to the growing export markets of Asia.

County Coal is targeting initial production of 5 Mtpa by 2015 from its flagship thermal coal project, and plans to increase this to 20 Mtpa by 2018.

http://www.countycoal.com

 

[springhill]

Re: CCJ - County Coal

MC - $21m
SP - 22c
Shares - 94m
Options - 7m
Cash - $7m

County Coal Limited is a coal exploration and development company engaged in the acquisition and development of thermal coal resources and projects in the USA. In particular County Coal invests in thermal coal resources and projects with export potential in proven quality coal producing regions of the USA.
County Coal looks for strategically located resources, which are close to necessary infrastructure with good logistics to maximise project end-values and profitability.
The Company’s initial focus is to define JORC Measured Coal Resources sufficient to allow the development of large scale open-cut mining operations in the Powder River Basin in Wyoming, USA for the export of coal to Asian markets.
Concurrently, the company will look at opportunities for securing other coal assets with a view to building a portfolio of export coal sources in the USA.

COUNTY COAL ACQUIRES OPTION OVER ADDITIONAL COAL AT SHELL CREEK
• Option secured over 1,420 acres of additional coal adjacent to County Coal’s
project area at Shell Creek
• Acquisition will increase the Company’s total coal bearing land at Shell Creek by
130% to 2,230 acres
• Some initial geological and geophysical data over the additional acreage comes
with the option
• Represents an Exploration Target of an additional 300 to 500Mt

CCJ's Resources
JORC Inferred Coal Resource - 74Mt
JORC Indicated Coal Resource - 81Mt
JORC Measured Coal Resource - 526Mt
Exploration Targets - 300-500Mt

In the future CCJ could be looking at a 1Bt JORC resource. Not bad for a company with an $21m MC. Plenty of cash in the hole for exploration.
CCJ now at near 12 month low, and has been as high as 80c.
This would be in my Low Cap thread, but workload for that one too high.
Will be watching closely.

 

[System]

On December 2nd, 2015, County Coal Limited changed its name to County International Limited.