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I have invested in mining towns for the past 10 years and believe they will continue to grow. Between now and 2020 China plans to build 59 cities (smallest one is the size of Adelaide). They require iron, coal, copper and aliminium. One country has all of these- Australia. They will still require these resources and I believe that this will push prices up in the future. You only have to look at Moranbah in Qld. The Moranbah North mine has a life of 20 years and many other mines are opening up there. A house costs about 400k and rents for about $900p/w.
Has anybody invested in Alpha yet with the Warrata Coal mine?
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