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Experts Commenting on This Company
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Coalspur Mines Ltd.TICKER: CPT:TSX; CPL:ASXCoalspur Mines Ltd. is a coal development company with over 32,200 ha. of coal leases located in the Hinton region of Alberta, Canada. The company's flagship project is the Vista coal project, which has the potential to be the largest coal mine in Canada. |
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Comments:
Colin Healey, Haywood Securities (5/16/13) "Coalspur Mines Ltd. released Q1/13 financial results . . .given the company's developer status and the fact that the results contained nothing unexpected, the financial results are not expected to have an immediate material impact on the stock. . .Coalspur's Vista project is peerless across North America. We believe that the 11+ Mtpa potential scale of the high-energy thermal coal project is unchallenged across other development-stage company projects. . .the project has potential to be a long-life operation with solid project economics."
Mike Plaster, Salman Partners (5/1/13) "Coalspur Mines Ltd. filed its quarterly report for the Australian stock exchange yesterday, providing details on its cash position and an update on the status of its flagship Vista thermal coal project. . .the company had CA$14.1M in cash at the end of March, in line with our forecast of CA$13.8. . .in the coming months, as Vista advances into the key construction phase, the clearing of the remaining hurdles should provide some positive catalysts for Coalspur's stock."
Mike Plaster, Salman Partners (4/19/13) "Coalspur Mines Ltd. has reached a binding agreement with private equity asset manager EIG Global Energy Partners for a senior secured debt facility of up to US$350M (increased from EIG's earlier commitment of US$300M) to fund the majority of the Phase 1 development capital for its Vista thermal coal project. . .[the debt facility] should allow the company to move forward with the development of Vista (pending regulatory approvals), which should help to build value for shareholders who are willing to take a longer-term view."
Colin Healey, Haywood Securities (3/27/13) "Coalspur Mines Ltd. has signed a definitive rail transportation agreement for the Vista coal project and rail access line construction agreement with the Canadian National Railway. . .it is for a 7-year period, effective as of January 2013 through December 2019. . .announcement of the definitive agreement is a positive derisking step for the company and the Vista coal project, as it solidifies a large component of operating expense."
David Charles, Dundee Securities (3/27/13) "Coalspur Mines Ltd. has already significantly derisked its Vista coal project with the rail (Canadian National) and port (Ridley Island Coal Terminal) agreements and a $300M secured notes financing. . .the company also believes it will have regulatory approval in time to begin construction at Vista in April 2013 and remains on track for first production in 2015. We are reiterating our Buy rating."
