direct invest picked cxy over mee and lnc, page-23

DrP, you say "So its not at all comparable to a new build/plant IMO."

Sorry but you're wrong. A UCG driven 400MW generating plant is economically as good as a large coal fired plant using traditionally mined coal.

At higher outputs, UCG is even more efficient, and frankly then it ges VERY profitable. FIFTY per cent Internal Rates of Return at 400MW project size.

CXY has so much going for it. Relatively low risk, high potential growth, fully funded to past commercialisation . .