WMC 0.00% 20.5¢ wiluna mining corporation limited.

read the last...

  1. 3,966 Posts.
    read the last announcement:

    http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00840477

    not once is UCG mentioned. This is all about CTL. Now look at page 12 and read the 4 step process and gaze in wide wonder at the pretty picture and you'll find the word "DRIED" which means it's been dug up and put through a drying process which will incur significant cost on its own. CTL is a proven process but lignite to feedstock is yet to become commercialised (although I believe the tech is there: ESI)

    This is not as simple as people are making out.
 
watchlist Created with Sketch. Add WMC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.