http://www.futurecoalfuels.org/documents/101706_ward.pdf
Interesting article on various uses of coal.....and yes, seems you can make 1.5 barrels of diesel fuel from a tonne of coal.
Another interesting fact: USA has 496 B tonnes of coal total according to above link.
So, SPX could have equiv of 6% of entire USA coal stocks.....pretty impressive for a micro-cap Co.
We are talking potential of 32B tonnes x 1.5 barrels= 48 Billion barrels @ about $90 a barrel.....$4,320 Bill.
(Is that $4.3 Trillion???LOL)
I can see why no-one has proposed these figures, for fear of being called a pumper.
Before anyone suggests that of moi, can i say i did see a capex cost on one of those big plants at around 4 Bill....so, i guess it would never happen without a JV with a MAJOR like Shell, or something.
Food for thought, though....i had no idea boring old coal was so potentially valuable.
SXP
sapex limited
was 45 billion of value not 40 billion, page-6
Add to My Watchlist
What is My Watchlist?