First of all 100 billion tonnes is the potential for the entire Thar coal field. CXY has an exploration licence for 50km2 in Block-III.
The Feasibility study will take 18 months to complete. What happens, if after 18 months it turns out that it is not feasible? That is a long time to be sitting on an investment to see if it going to be feasible or not.
The Chinese left because of concerns with security and the low tariff offered by the Pakistan Government. The Chinese invest in the most unstable countries around the world. For a Chinese country to leave due to security concerns must mean it is pretty serious. Pakistan’s security issues will not bode well for attracting investment.
When will the trial burn for Kingaroy start and how long will it go for? The last time Dr Walker conducted a trial burn it went for 3 years. What happens if the Kingaroy trial burn is not successful?
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