re: Ann: PEA Confirms Potential Robust Econom... bessarlie i...

re: Ann: PEA Confirms Potential Robust Econom... bessarlie i agree with you. 250 is far fetched right now although in 3 years time when this goes into production you could be eating your hat. the world has many things to solve although china has been in a very -ve market for almost 6 years. look at the shanghai comp. china may never recover who knows....but we are most certainly not at the top of the market and have had quiet a few years of a bear market in resources and in time that will change. when i dont know. but looking at coal and cost curves and seeing in the press rio, japan etc closing coal mines is normally a signal that we could be closer to the end. this means supply starts to tighten up which is what we are seeing in regards to coal price stability. with europe sorting its mess out (years away), japan doing what it can to stimulate, US still on the edge but through the worst of it & china new government to implement stimulas and policy at some point....in 3 years time we could be in a better world. JAL have always been conservative in stating things. Look at crown resource for example. they underpromise and overdeliver. cost generally blow out althought these guys have track records and done this before & dont be surprised if they come in under budget. art has been around for a long time managing and building coal mines. these people are very different from Bannerman management. this company and the way it is run is very different from most listed ASX juniors.