The kicker for the SP is going to be when DERM sign off on the new well plants and give the ok for the 5MW engines being able to be feed into the grid.
That will only give the SP some small momentum until overseas jobs start to get going. As the QLD government has not given any clear notification as to its standing on UCG and its use as a proper energy source.
If that is made clear and it is in favour of UCG then $1.00 is not out of the realms of impossibility in a short space of time from that announcement.
There is a lot of hurdles to jump but CNX is set to be a world leader if it can jump them all.
Happy to be along for the ride for the next 12 plus months.
CNX Price at posting:
31.0¢ Sentiment: Hold Disclosure: Held
