could be a 1 dollar share in 12 months, page-10

Smickometer,

Why would CXY have a market cap of over $400 million in 12 months ($700 million fully diluted) when they barely enough cash to fund the drilling, let alone the 20 odd million to establish a UCG field. They have yet to confirm if the hydrogeolgical conditions of Kingaroy will support a UCG burn without contaminating the groundwater. The trial burn to confirm this will take months, if not years. The last trial burn that Dr Walker conducted took 3 years. The Kingaroy trial burn is not due to commence until Apr 08 and Pakistan is on the verge of imploding.


“news around the trap”

What is your news?