back of the envelope, page-2

Not in production yet?

It only has the JORC resources. But we need to start producing UCG to realise full value.

Correct me if I'm wrong.

I would say its like CSG, you have 3P certified reserves and convert that to 2P certified CSG to realise more value.

ie. its like comparing MEL/BOW with AOE, AOE is already in production in CSG, whereas the other two are explorers.

I say long term wise, CXY is tipped to be leading in UCG.