Tony,Appreciate your prompt and informative reply, great to get...

Tony,

Appreciate your prompt and informative reply, great to get this opportunity to speak to you direct..

...But seriously..."just a coal mining company"!!!...below is an excerpt from the BFS announcement...so much more than dig and deliver. This will need at least a billion dollars (taylor collison estimate 1.2B)...you suggest that ATQ wont give up equity...thats fine...so we are now talking Debt with ATQ being responsible for a large part of it! (afterall ATQ own 60% of Tancoal). ATQ has just $3m of cash in the bank. Something doesnt feel right and given the risks involved (any thoughts on Key Petroleum's unfortunate experiances in Tanzania?) I feel the share price is fairly valued at this stage. In particular I feel there wil be massive capital raising and dilution within the next 12 months.

------------------BFS Excerpt------------------------

The feasibility study will focus on three strategic components;
• Mining of thermal coal for export and power generation on site;
• Development and project financing of a coal gasification plant and power station
utilizing clean coal technology;
• Development of a private public partnership with TANESCO (the Tanzanian
Governments electrical authority) for the construction of power transmission lines to
connect the project to the Tanzanian power grid.