Peter Brieger
Compliance Energy
CEC.H-X
BUY
Dec 15, 2005
In the steam coal space. Have a great deposit near Princeton B.C. which is being developed. Recently took an option on 82,000 acres on Vancouver Island which is estimated to have a billion tons of coal.
A coal play in British Columbia. They have a great steam coal deposit. Very good reserve position. Also have some interesting metallurgical coal deposits on Vancouver Island which are being proven up. Very cheap. Good management.
A junior coal. Their metallurgical assets on Vancouver Island are doing very well and will probably be a good mine in the next year or two. Recently got a 30 year contract from B.C. Hydro.
Recently awarded a 30-year contract by BC Hydro. It will take 3 years to get the plant up and operating. Also have some options on some coal reserves on Vancouver Island.
Awarded a 30-year contract by BC Hydro to provide clean energy via coal and woodchips. They will be bidding on other power plants as well. Also have met coal deposits on Vancouver Island.
30-year power contract with B.C. Hydro and looking for financing to complete the power plant, which should be running in about 3 years. Big problem is their Vancouver Island property, which is prolific with met coal, but coal is in the doghouse. May be too late to sell, so he is holding in the meantime.
Been a massive disappointment. Could be a premier coal play in metallurgical and steam. Won a 30-year contract with B.C. Hydro to combine wood chips with coal, called Green Power. Trying to raise money for construction of the power plant. Major reserve of steam coal on Vancouver Island.
Their 30-year contract with BC Hydro has been changed from 50% coal and 50% wood chips to 100% wood chips. They're trying to figure out how to do this. Have a met coal deposit on Vancouver Island that brings its value up to about where it is trading at now. Long-term, there is intrinsic value.
Great speculation. Has been trying to develop its metallurgical coal asset on Vancouver Island. Signed a memo of understanding with 2 Japanese companies for financing of a feasibility study to be completed in 2009/2010. Also have some copper assets.