The Intent is not to plug the Co. mentioned but the thought on Coal ..
posted on
Mar 22, 2011 10:31PM
We may not make much money, but we sure have a lot of fun!
The oil markets are going to be under considerable upward pressure already with the supply loss of Libyan oil. If this report about a new oil spill is true, we could see a double digit move in oil this week! Last week the markets were in a meltdown due to the Japanese crisis, most portfolios got hammered the first two days of trading. Commodity plays, especially energy companies, are literally in the midst of an energy crisis, and in our opinion, could see huge moves as the world turns to energy companies in safer regions of the world.
The Coal Crisis That No One is Talking About
Staggering numbers show that China's coal imports jumped 2.1 fold to 130 million tonnes recently. China is currently using half the worlds' coal supply! The General Administration of Customs (GAC) attributed increases to higher domestic coal prices and a supply shortage caused by the increase in demand after the economic stimulus package came into effect. With population growth and a rising global middle class, the demand for coal continues to rise.
While discovering areas in which future demand is occurring, we pride ourselves in finding companies that are backed by booming trends. Now with domestic energy on high demand and the overall energy sector steam rolling, coal will be gaining even more attention. Liberty Coal Energy (LBTG) is a resource development and production company that we would like to bring to your attention.
LBTG
SPDR Dow Jones Industrial Average
We want to point this out because it appears LBTG is beginning to get noticed by investors.
One of the VERY IMPORTANT attention getters besides their two projects, both located in the same region as the largest coal mine in the world, is their President and CEO Edwin Morrow. Mr. Morrow served as the Director of Geology Services at Homestake Mining Company's flagship mine in South Dakota from 1993 to 1995. He then went on to serve as the President and CEO of Laminco Resources Inc. from October 1995 until its acquisition in 2005. Laminco Resources developed precious metals and copper resources in North and South America. Mr. Morrow literally has over 35 years of experience in the exploration, development, and production in mining natural resources. He has a proven track record when it comes to moving companies forward!
Liberty Coal Energy (LBTG)
LBTG has two current projects based in the Powder River Basin in north eastern Wyoming. LBTG is engaged in the acquisition, exploration, and development of coal properties in North America. LBTG has two properties and these two include North Ranchester Coal project, which is located north of Sheridan, Wyoming; and South Powder River Coal project in the southern end of the Powder River Basin in Campbell County, Wyoming. LBTG was founded in 2007 and is based in Denver, Colorado.
LBTG is established in one of the most mining friendly regions in the states which gives LBTG a significant advantage over many other companies that are burdened with fees, rules, and regulations. That makes turning huge profits in this industry that much more attainable.
Wyoming is the Place for LBTG:
North Property
LBTG’s North Ranchester coal project is approximately 1200 acres. The entitlement is currently composed of one coal lease. The North Ranchester property is about 5 miles south west of the Decker Mine in Montana, which has been producing coal since the early 1960s. Being close to producing coal mines is positive indications for LBTG’s future plans of producing in the near future. Already, 50 million tons of coal have been estimated to exist on the property based on drill hole data of various types and half or better of this material is believed to be open pit mine-able.
South Property
LBTG’s South Powder River Coal Project is currently held as a 640 acre Wyoming State lease. Eight previous drill holes have established the resource of approximately 73 million tons of sub-bituminous coal underlying the entire property and extending into surrounding lands. The Big George Coal bed is an underground mining target. Initial pre-feasibility work has identified a proposed mining scenario that, due to the thickness, is a good candidate for underground production.
There is no doubt that coal is on our radar and we anticipate the coal industry to only grow as time goes on. LBTG has tactfully and strategically positioned itself in a booming industry and in the best of locations that will assist in executing their plans and thriving accordingly.
For further research on LBTG, please visit their website at http://click.icptrack.com/icp/relay.php?r=30896451&msgid=123459&act=70I4&c=740151&destination=http%3A%2F%2Flibertycoal.com">LibertyCoal.com