Coalspur Mines (CPL), Whitehaven Coal (WHC), Sandfire Resources (SFR) and Peel Mining (PEX) were reviewed and rated in this week's PortfolioDirect/resources investment report. Of the four companies, Peel Mining received a rating that qualifies it as portfolio grade. Whitehaven Coal and Coalspur Mines have identifiable pathways to higher ratings over coming months, primarily relating to necessary permitting approvals. The PortfolioDirect/resources approach involves classifying companies according to the development stage and, within that, offering a rating based on a set of clear criteria. The ratings are available to assist investment professionals in advising their clients. The last monthly ratings summary (for October) can be downloaded here: (VIEW LINK).