we have a monster at our hands

Hi,

The good things we have here is

- The resource is huge - maybe upto 2 Billion tonnes

- The top 20% shareholders control 56% of stock (maybe more after options are excercised. This eliminates the risk of cheap takeover

- The resource is open pit and shallow - compares very favourably with existing producers (I mean cost of extraction wise)

- We are close to the user markets

- The chairman has considerable experience in starting mines


We are at a similiar stage what FMG was about 6 years back and my gut feeling is that we will catch up with FMG (shareprice wise) in next 2 to 3 years. Stay tuned - we have just started the marathon and already taken a substantial lead over our nearest rivals.