good write up, page-4

Teo

Expert no, business owner yes 8)).

I dont think it is reasonable to extrapolate like that ... that number probably reflects a fair bit of CSG and UCG blue sky imo.

Best to look at profit that can be generated from the commercial projects Cougar is developing. I think there are projections for Kingaroy 200MW and 400MW in a recent announcement ... try a PE of say 10 to earnings.

Wandoan currently has about 4.5 x the current JORC of Kingaroy ... the recent submission to the Qld Govt talks of a methanation plant for Wandoan to produce methane pari pasu with CSG ... its anyone's guess what the earnings for that might be but surely it would not be less than 4.5 x the electricity generating profits of Kingaroy?

The thing about UCG is the potential to roll out successful duplicate projects for a few decades in different locations imo.

I am sure we all hope CXY gets its helping of blue sky on top of fundamentals lol.

Cheers
Dex