I think 0.90C is just the initial target, the UCG is the game changer, unconventional gas is transforming energy usage across the world and it will be no different in Europe. Germany, Hungary and the rest of Europe are desperate to secure cheaper assessible energy as our modern world is heavily reliant upon it. Europe lacks shale but has stranded coal and this is where UCG becomes important to Europe.
Keep an eye on this space!...because sooner or later sentiment will turn here....
The financials will show this is a robust business and they will have little trouble raising the capex for the project.
I think 0.90C is just the initial target, the UCG is the game...
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