potgut your analysis reminds me of the real estate in southbank.
25 years ago this area was going cheap ,nobody was interested, but demand and shortage of supply within the inner city kept increasing.
CHINA , VIETNAM plus growth in India and Japan shift from nuclear, will underpin the price of black coal to above $120, coldry at $50 from China .....lower impurities than black coal.
http://www.instituteforenergyresearch.org/2010/09/01/some-coal-fired-power-plants-were-built-last-year-is-this-the-start-of-a-new-trend-or-are-new-coal-plants-dead/
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