Atomic will be attending the Indaba Conference in South Africa in Feb. This event represents the best opportunity to put the ATQ story before potential investors in the short term.
ATQ also recently participated in a very positive profile article in the December edition of Resource Stocks magazine, which coincided with Ray Bailey's appointment as General Manager.
Since coming on board, Ray has spent much of his time in Tanzania, driving the BFS process forward and staying in regular contact with the Tanzanian Government and Tancoal.
Over the short to medium term, management focus will be on completing the Ngaka BFS and the drilling campaign.
The BFS is expected to provide investors with clarity and confidence that the Ngaka Coal Project stacks up commercially, enviromentally and technically.
The drilling in Feb (which will conclude the drilling started in late 2009 and delayed by deasonal rains) is expected to further increase the size of JORC-compliant coal resources at Ngaka. Bulk sampling is being conducted to provide potential customers with an opportunity to test the quality and suitability of the coal for their needs.
Given the variability of rainfall across southern Africa, power generation from hydroelectric power plants remains an expensive and unreliable solution to the country's growing energy needs. Tanzania knows it needs to develop its substantial thermal coal deposits if it is to have a reliable and cost-effective power supply.
As ATQ has repeatedly stated, the Tanzanian Government rates the Ngaka Coal Project as one of the nation's most important "nation-building" projects.
And just for clarification, as I've pointed out before on Hot Copper, ATQ is NOT building or financing the 400Mw power station at Ngaka or the power transmission infrastructure. This will be financed through PPP's operated by the Tanzanian Government and other investors.
The simple fact is ATQ remains a substantially undervalued company and a tremendous buying opportunity for those investors who believe in the ATQ story.
Tony Dawe
ATQ Price at posting:
9.9¢ Sentiment: None Disclosure: Not Held
