CXY needs to prove that they can control the burn and also not cause pollution to the local groundwater. They could probably do it, but nothing is certain. It will also be conducted over a period of time. The LNC trial burn was conducted over a period of almost 3 years. After that, you have designing and constructing the UCG field and power station. That will take a few years.
It will be a long time before the company has any cash flow from UCG.
CXY Price at posting:
0.0¢ Sentiment: LT Sell Disclosure: Not Held