very good week, page-3

The company itself IMHO is undervalued.

It has port access and rail locked in to it's proposed development in Springsure. The company has been extremely accommodating with all stakeholders to ensure it gets the final approval to mine Springsure. Nil debt.

With a federal election just around the corner and the strong possibility of a change in government to the coalition it seems increasingly likely that Springsure will proceed. Newman is pushing incredibly hard for continued development out in not only the Bowen Basin but also the Galilee Basin of which BND also has assets in.

Coal has taken a pounding over the previous 12 months but now that costs are coming down considerably after all companies made sensible cuts, the industry is looking trimmer and healthier. China and India are looking to make acquisitions abroad to lock in future supply and at the dip in the market its a great opportunity to do so. The first of the mines out in the Galilee Basin is about to begin construction (Carmichael) so its about to be game on....

Buy at the bottom sell at the top.