agm presentation audio, page-12

You know I listened to the broadcast and came to the conclusion this company is substantially under-valued.

Hearing further confirmation of:-

a) "electricity production is the least risk option by far" for UCG
b) "we're not demonstating that we can produce syngas, merely that it is of sufficient quality for use in gas turbines"
c) USSR gasified 15mT, anywhere else less than 0.1mT. Ergo staff were at the plant that used two thirds of the 15mT
d) Ergo Exergy have been operating the ESKOM pilot plant for 18 months, and will be producing power by years end.
e) "VERY LARGE project in Victoria" with over a BILLION tonne of resource
f) Thar Coal Field . . all approvals given, lease in a couple of weeks time. (i.e. about now) . . .again another BILLION tonne resource being granted
g) Kingaroy has substantial resource increase in adjacent tenement.
h) Nett $80 m cash flow from Kingaroy project
i) UCG needs 5 per cent of the area that CSM needs in land acreage.
j) Wandoan contains minimum 800mT even if ONLY half area is suitable . . which is a substantial under-statement.
k) Project assumed Natural Gas prices of $3.50 per and UCG was going to be less than half that price, now Natural Gas at around $6 to $7.00.

One can only conclude that these Options are holding this company back . . . BIG TIME.

Happy to sit and await a substantial increase in market capitalisation.