Unless I am missing something, I doubt it.
LNC has underground syngas reactors and a "relatively" small surface plant to convert syngas to diesel.
GLX has to mine coal (or buy coal) and construct a fairly large surface gasification plant to turn that coal into syngas and then (I am assuming) and construct pretty much the same or similar surface plant to convert syngas to diesel.
So, the "back end" of the process is much the same but the "front end" is totally different.
If oil prices stay high and perhaps if Fed/State govts support syngas to diesel it should do ok imo.
I hold some for a third party.
Cheers
Dex
- Forums
- ASX - By Stock
- GLX
- similarities between lnc and glx
GLX
gulfx ltd
similarities between lnc and glx, page-3
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GLX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online