dont forget that the key to LNC is that if they can prove the...

dont forget that the key to LNC is that if they can prove the UCG and GTL process will work and that they can produce the deisel that they say they can for $18 a barrel at a ratio of 1.5 barrels to a tonne, than its a no brainer to say that LNC is sitting on a reserve of 600 million barrels from the chinchilla JORC coded coal and a further 2 billion barrels from the SXP JV JORC coded coal not even looking at their other leases or JV's...at todays US$112 barrel by my calcs 2.6 billion barrels thats 291.2 billion US dollars worth at a production cost of 46.8 billion dollars...