CXY cougar energy limited
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lnc,cnx,cxy valuations, page-21

  1. homeytheclown
    615 Posts.
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    04/02/10
    12:20
    Post #: 6287007
    It is worth considering how much of CXY's success is dependant on the QLD government approving a commercial plant? At this stage, I haven't heard of any evidence that the QLD government will approve a commercial plant for UCG, in fact the only news I have seen over the last 1-2 years is the QLD is very cautious about UCG. This is probably why LNC is building their commercial plant in South Australia. If QLD doesn't approve a commercial plant, does CXY have a future?

    Feel free to correct my understanding.
    CXY Price at posting: 9.9¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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