Ride the Tiger with CD Message Board

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Strategies & Market Trends : Ride the Tiger with CD

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To: E. Charters who wrote (119652)	7/16/2008 9:39:20 PM
From: Amit Ghate	Read Replies (1) of 312358

Thanks for mentioning FT.to a while back. After looking into it a bit, and given what seems to be an environment where majors are trying to lock up sources of high quality metallurgical coal, it seems like a good speculation at less than $100M in market cap. Obviously it doesn't have the near surface and transportation advantages that GXS might, but on the other hand it is (likely) much higher quality coal, whose demand can be from both steel-making and energy, it already has a bankable feasibility study, and it's close to ports necessary to get it to the likely long-term consumer in Asia. The authors of the bfs seem to be the same as for WTN's producing mines (also located in B.C.) which give the study extra credibility in my view. I bought the stock for coal potential, which seems worth more than the current market cap, but as a bonus you also get the NICO project... In any case thanks again for the initial mention.

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