all happening in the galilee - eer 2bt?, page-16

sammey,
Up to you what you do with your money but -

Chinas demand set to pick up end of this year (and importing 1btpa by 2030);

India imports set to be massive with Power project developers allowed to pass on fuel cost to consumers (current coal shortage about 200mtpa);

Indian government forcing end users to ensure energy supply;

End users scouting the area for assets;

Resource upgrade imminent;

GVK/Hancock to get federal approval this month (adds massive value to EER);

MDL should be in soon;

Current 1.2bt resource valued at .02c pt insitu (once resource upgrade is done will be valued at 1c pt insitu) - hancock sold for 17c pt to GVK, linc to adani 30c pt;

Abbot point has more than enough capacity to accomodate EER;

All good for EER - extremely cheap at the moment.