hypothetically

In theory, for all intents and purposes Cougar Energy was well and truly on the path to build a power station at Kingaroy which would be able to supply power to 400 000 homes at half the cost and half the emissions of a traditional coal fired power station. This was to be done using a proven technology. Up until their suspension by DERM at the Kingaroy site, one could fairly assume that by end 2012 a viable income producing business could be well and truly operational with scope to develop and expand.

I would think that the Kingaroy operation on it's own could have provided Cougar with an income approaching 100 million per year, based on a very ballpark calculation of $250 per household per year.

The question is, what is a company worth that can quite realistically earn upwards of 100 mill. I would put an estimate of 500 million out there first up. Share price of roughly 50 cents.

This is all hypothetical and my opinion only.
Kingaroy will not happen any time soon due to political point scorers that cruelled Cougar.

With Cougar gaining a foothold in China it seems that with a bit of good management, the earning capacity of Cougar could be quite a bit more than if Kingaroy had of gotten up off the ground.

Also, with China aiming to bring huge numbers of people out of poverty and the speed of development that is occuring right now, it may possibly mean much faster approvals with less (financial) risk than the (politically sabotaged) Kingaroy project.

Is it not still a possibility of Cougar producing an income by end 2012??

All views welcomed!