if coal has a future in this world than bnd is undervalued significantly...
100% of Springsure has to be worth a couple of hundred million and 50% of South Galilee would not be far away, though that is a longer term investment. The lib/nats in qld will open up the ports etc and get this coal onto ships - don't worry about this. investors were willing to fork our $1 not that long ago - expect a JV deal or buyout in early 2013... my opinion only.
at 26c i could not resist a few more - average price now 40c.
good luck
if coal has a future in this world than bnd is undervalued...
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