a little misleading to say that RER is a UCG stock. The UCTL technology is completely different from Linc's UCG process. Linc are turning coal into gas underground then turning that gas into diesel via a coal to liquids plant (which has a very large capital cost). Regal's technology will turn the underground coal directly into oil which can be refined in a refinery, no need for a big processing plant.
The UCTL technology has far more potential than UCG. Provided it works!
NZC Price at posting:
79.5¢ Sentiment: Buy Disclosure: Held
