Hi Everyone….rather new to all this so be gentle. Just wanted to get peoples opinion or thoughts on what’s happening in the Bowen Basin and in particular, Emerald. I’m sure that for some of you investing in areas heavily reliant on the resources industry brings with it a higher exposure to risk however, there will be some of you, like myself, who find themselves examining the financial statements of particular resource rich companies and following their progress from exploration of tenements right up to the first shipment…I certainly have become a bit of a backyard expert in the mineral resources industry.
I, probably like some of you, have a vested interest in the fortunes of towns like Emerald. Property investors in such resource rich areas have weathered the downturn conditions of the GFC, the impact and uncertainty of the Super Profits Tax and indeed the added uncertainty of the election result among other issues.
There has been considerable hype about a future Queensland resources boom. Emerald is tipped to be one of the big winners from the Alpha project in the Galilee Basin. Emerald appears to have developed itself into a regional hub for other smaller towns in the Bowen Basin.
And, Emerald now appears to have a number of developments happening right on its doorstep. Newland Resources Ltd has purchased the rights to a number of tenements including EPC1580 and EPC1801 in Emerald itself and EPC1720 and EPC1230 just a short distance away. Stanmore Coal has also purchased a number of tenements in and around Emerald (EPC1168) some of which are adjacent to large thermal and coking coal deposits already being mined such as the Ensham open cut mine (EPC1114).
http://www.cqnews.com.au/story/2010/07/09/emerald-sold-to-coal-explorer/
http://www.stanmorecoal.com.au/projects_emerald.aspx
One of the advantages to property investors in places such as Emerald is that these tenements can prevent the spread of further housing development thus protecting the scarcity of viable property. Emerald is also prone to flooding and I see some new properties, not all, may be affected. The last flood being 2008.
I wanted to contribute some of this DD I’ve picked up but also wanted to throw the discussion open to anyone like myself that has interest in Emerald and its progress.
Jack
I, probably like some of you, have a vested interest in the fortunes of towns like Emerald. Property investors in such resource rich areas have weathered the downturn conditions of the GFC, the impact and uncertainty of the Super Profits Tax and indeed the added uncertainty of the election result among other issues.
There has been considerable hype about a future Queensland resources boom. Emerald is tipped to be one of the big winners from the Alpha project in the Galilee Basin. Emerald appears to have developed itself into a regional hub for other smaller towns in the Bowen Basin.
And, Emerald now appears to have a number of developments happening right on its doorstep. Newland Resources Ltd has purchased the rights to a number of tenements including EPC1580 and EPC1801 in Emerald itself and EPC1720 and EPC1230 just a short distance away. Stanmore Coal has also purchased a number of tenements in and around Emerald (EPC1168) some of which are adjacent to large thermal and coking coal deposits already being mined such as the Ensham open cut mine (EPC1114).
http://www.cqnews.com.au/story/2010/07/09/emerald-sold-to-coal-explorer/
http://www.stanmorecoal.com.au/projects_emerald.aspx
One of the advantages to property investors in places such as Emerald is that these tenements can prevent the spread of further housing development thus protecting the scarcity of viable property. Emerald is also prone to flooding and I see some new properties, not all, may be affected. The last flood being 2008.
I wanted to contribute some of this DD I’ve picked up but also wanted to throw the discussion open to anyone like myself that has interest in Emerald and its progress.
Jack
