I was under the impression they were planning a power station and that :
"although significant additional field test work was required, the deposit was ”likely to support a UCG operation with output to sustain a power station in the range of 120MW to 1200MW”."
I don't know a whole lot about the UCG or the investigation process and I understand that additional tests need to be done, but am I misreading the tone of this announcement - is it a work of spin?
I can't understand why they would look as far afield as this if they didn't think it was an exceptional prospect.
CXY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held