WEC has finally come on the radar with a solid performance this week as management start to sell the story.
A recent presentation I attended painted a very exciting future.
* strong balance sheet > $40mil
* The Powder River Basin contains the largest reserves of
sub-bituminous coal in the world. Barrick Obama in recent speach highlights the brown coal deposits of PRB as Americas future energy source.
* NRG Energy and Buckskin mining from Powder River Basin in final stages of feasibility study with WEC. With potential for >5 million tonnes of upgraded coal. Infrastructure already in place for construction of plants.
* Plants are built in one million tonne modules and are made with literally off the shelf components. The process is fully mechanical without the use of chemical binders.
* has a very efficient use of energy with just 4% of
feedstock coal required to realize an average energy gain of 30%
* Travers Duncan, Executive Chairman of both WEC and FLX is a civil engineer with over 30 years of experience in the management of large coal mining and
infrastructure development projects in Australia, India,
Indonesia and Papua New Guinea.
* Through the experienced board WEC have the potential to acquire and manage their own resource.
* In 2006, Australia's economically recoverable brown coal resources were reported to be 37.3 billion tonnes. It has a much lower carbon content than black coal and a higher moisture content. It is mostly found near the surface in thick seams and can be mined economically on a large scale by open-cut methods.
WEC certainly has a very big future. Time for the market to wake up.
rr
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Last
4.0¢ |
Change
0.001(2.56%) |
Mkt cap ! $4.529M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 4.0¢ | $37 | 926 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1474 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.8¢ | 3298 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1474 | 0.040 |
1 | 30000 | 0.035 |
1 | 200000 | 0.034 |
1 | 150000 | 0.032 |
1 | 20000 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.048 | 3298 | 1 |
0.050 | 200000 | 1 |
0.080 | 1017 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 10.08am 29/04/2024 (20 minute delay) ? |
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