40c valuation - its going to boom !, page-4

Thanks for the post - I just found this today which is encouraging for Thermal Coal.

http://www.theaustralian.com.au/business/thermal-coal-set-to-boom/story-e6frg8zx-1225874741765

THERMAL coal could become Australia's next booming commodity, Deutsche Bank predicts.
The German investment bank's global thermal coal team expects thermal coal contract prices to rise 26 per cent to $US120 ($144) a tonne by 2012 because of a rise in net imports from China and India.

The forecast led to local analysts upgrading their earnings guidance yesterday for a swag of coal miners, including BHP Billiton and Rio Tinto, despite the threat posed by the controversial resource super-profits tax.

"The seaborne thermal coal market is experiencing a transformation which may be as significant as that which occurred for the iron ore market over the past decade," Deutsche Bank's report says.

"In a similar way, we believe China and India together could transform the demand landscape for thermal coal over the next decade, displacing current western importers and evolving to dominate the industry."

Continued.....

Although it talks about AU resources, this has to be positive for ATQ yeah?