he has made a glaring error in his report but the rest of it appears ok and obviously i agree with the sentiment.
here is the error,
PHASE 3: Commission a ‘Pilot Plant’ that turns coal into diesel. COMPLETE
Final Stage of Pilot Plant Construction, November 2007
The 10-week commissioning phase of a pilot facility was completed at the end of February 2008. Australia’s first ever ‘coal-to-diesel’ facility is now FULLY OPERATIONAL and producing ultra-clean, sulphur-free diesel from coal.
What’s more, this diesel costs just $24 a barrel to produce! Compare that to the triple digit price of UNREFINED crude oil, and the explosive profit potential is plain to see.
LNC Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
