why all the excitement about pakistan power, page-6

In evaluating the worth of UCG one has to consider what it has to pay to have access or use of a coal resource that is under normal circumstances is unmineable, There are many of these around the world--not all suitable for location and underground entrapement.

We know that syngas is easily used in power plants and UCG is the cheapest,most efficient and cleanest (greenest) method of delivery,this well and truely overcomes in low calorific value. It is not necessary to go to Liquids but this option is always open (damn costly).

The Pakistan deposit is huge in excess of 1 bill ton , Dr Len Walker CEO of CXY has stated it takes approx 200,000 ton for a 50Mwt plant. IMHO its worth about $50/ton to CXY,thus 1 small outfit could produce about $10mill p/a profit,a 400 Mwt would produce about $90 mill.

In my view the profit to CXY is in sucessfully tieing up deposits where power needs are at a premium.

As to a price for CXY---ASIC would not approve of predictions on this forum