Blackham is on its way. Check out the highlights from todays market releases:
CURRENT MARKET CAP $4 MILLION and have over $3.2 million cash on hand.
From the MD:
“The results of the Scoping Study not only prove that the project is technically viable, but importantly even at recent diesel prices, it is economically attractive,” Mr Dixon said.
IMO SP is markedly undervalued. Once the market wakes up to this company's direction we should see massive upside, even taking into account current market conditions.
SUMMARY FROM REPORT:
SCADDAN CTL PLANT SCOPING STUDY
• 15,000 barrels per day Coal to Liquids operation technically feasible • Fischer-Tropsch process producing Diesel and Naphtha • Production of 4.8 million barrels per annum • 762 million tonne resource gives over 70 years of feedstock • Import replacement of petroleum products into the domestic market • Scaddan Energy Project offers substantial leverage to oil price rises
Blackham is currently evaluating the development of the Scaddan lignite project into a premier Australian CTL operation.
BLK Price at posting:
11.9¢ Sentiment: LT Buy Disclosure: Not Held