area with infrastructure, rail, experienced labor and decent power prices. Colonial is working on developing two very high-quality met coal properties, suitable for coking, with large reserves. There have been a number of takeovers in this area in the last year. And, looking at valuations, this company could certainly be trading at a much higher level if somebody was targeting them. If I had to pick someone in the met coal business in western Canada right now, Colonial would be my most likely acquisition target. Comparing it to the value of some of the other companies out there, its stock price should be considerably higher than where it's trading right now, at around $0.76/share. TER: To wrap things up, give us your general thoughts on where you think things are headed and how the average man on the street should be looking at these energy investments. ML: If you believe we're in a long-term commodities cycle, as we do here at CHF, then this is probably one of the best points to enter these markets. We think oil is going higher, while some of the natural gas prices in the world are already extremely high. Coal and uranium markets appear near the bottom and we expect to see higher prices over the next two to three years. In short, we think this is actually one of the better buying opportunities we've seen in the last decade for small and mid-cap companies in these sectors, and select micro-caps with sound fundamentals.