Certainly GR involvement is a good thing for ATQ - medium...

Certainly GR involvement is a good thing for ATQ - medium term.
His vision and clarity in the early development stages should see ATQ producing in small scale by Q2 2011 and this milestone should not be under-estimated.
GR blue sky come from his contacts in coal export market and India particularly relevant for this project.
Having run up hard from 24.5c to 48.5c the stock is now into a retracement that should present the opportunity to acquire in the 37.5-34.5c range.
The development and in-fill drilling planned to commence early Dec has an excellent chance of increasing resources towards 400mt and doubling reserve to 80mt (as mentioned in the BFS).
Based on current EV/resource ton (which is similar to closest peer - CCC) of $0.40/ton, this gives a target price to $0.545/share when that 400mt resource is delivered (June 2011?).
That is using fully diluted shares (174.2m)and ATQ share of resource of 59.5% (85% of PCEA's 70% of Ngaka Project)and a EV/ton resource of $0.40.
ATQ have until 10/1/2011 to exercise their option to acquire the 30% of PCEA from project vendors and if they do will have to find USD7m within 12 mths of execise (should be in production by then).
Watch out for this development.....
tonydawe, if you are the same Tony Dawe from the Dawe Media Group that is paid by ATQ to promote them then you should disclose that on your posts.