"It is preparing to develop a demonstration plant in Kingaroy in Queensland with a pilot burn and initial construction expected later this year"........ CXY have to build a demo plant too?
"If successful, it will be ramped up to a 400-megawatt plant powered by UCG"........ What do they mean by 'If successful'? Reading posts from the regular posters here I thought that CXY already successful technology? What if it's not?
"feeding back into the electricity grid by 2013"....... That answers my question when CXY plan to have some cash flow....still a while away yet.
"He said there was "no doubt that countries which have UCG will be advantaged over countries which do not"...... Yep.....have to agree with that!
CXY Price at posting:
8.5¢ Sentiment: None Disclosure: Not Held
