worth a look?

may be worth a look at these levels?
especially if Cambrian Mining merger happens........

Current Projects
Deepgreen Minerals Corporation Limited is focusing its business on coal mining through investments in major projects in Canada, the US and Bangladesh. Each of the projects has potential for profitable production, some on a large scale.

1. Business Plan & Investments

Deepgreen has followed a strategy over the past three years of divesting non-core assets and investing funds released from the sale of these investments into its core coal holdings. This has led to the sale of holdings in Samroc, Cassiar and Bligh Oil. The remaining investment is a 19.9% stake in AGD Mining Ltd, a listed Australian company that is in the early stages of developing a gold antimony deposit at Costerfield, Victoria.
For more information click here.

2. Western Canadian Coal Corporation

Deepgreen presently has a 42% shareholding in Western Canadian (listed TVSE Code WTN), a company which has built up, at low cost, strategically located coal holdings with potential resources in excess of 250 million tonnes of coal. WTN is well advanced on a corporate plan to produce 3 million tonnes of coking coal annually, starting in 2004. Construction of the first project is expected to commence late in 2003.
For more information click here.

3. Pageton Project, West Virginia

The Pageton project is wholly-owned by Deepgreen. Pageton started commissioning in December 2001, and operated through to April 2002. The dredge and processing plant were placed on care and maintenance in the face of a sudden downturn in demand for coal in Appalachian area. Production resumed in September. The project has failed deliver the cash flows expected at the outset. It remains a valuable asset but requires a stronger market than exists now to generate positive cash flow.
For more information click here.

4. Asia Energy Corporation, Phulbari Project

Deepgreen owns 60% of AEC which holds leases over the 387 million tonne Phulbari thermal coal deposit in Bangladesh, close to the border with India. Pre-feasibility studies envisage the development of a long life open pit mine capable of producing 10 million tonnes of high quality steaming coal annually and of making a major contribution to Bangladesh’s energy requirements.
For more information click here.

Deepgreen is listed on the Australian and Frankfurt stock exchanges. It has on issue at 13/04/2004:
Ordinary Shares (Code: DGM) 277,321,278
Options expiring 30/09/05 (Code: DGMO) 153,868,191