IMO The value in LNC comes from the 230+ UCG experts that work for LNC, the progress of their project and the massive rewards that will come from exploiting the propriety information that LNC has gained from years of research and work on Coal to Liquids using UCG. The 6 bopd is simply the demonstration that LNC’s process works. If they are successful of course. My only concern is that in time they will be victims of their own success and the price of oil will come down to levels that makes the process unviable or the cellulosic ethanol nut is cracked or everyone starts driving electric cars or riding electric bikes;-)
LNC also owns 100% of 6868 square kilometers of coal tenements.
CXY Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
