The interest rate cost is around half the rate we receive in Australia, and leaves us with enough capital to continue the expansion as desired. So with cash flow positive target and becoming an oil producer is just the beginning of us being re-rated from a miner to an oiler. The market capitalisation based on PetaJoules rather than that based on tonnes of coal is a far higher $ratio, and should support a greater share price if and when coal reserves start being reported in PJs. I look forward to the time that management restate their reserves into PJs.
LNC Price at posting:
$2.10 Sentiment: Buy Disclosure: Held
