There's another good write up on CXY, this time in the November...

There's another good write up on CXY, this time in the November edition of the AFR's Smart Investor magazine.

Whilst much of the article wouldn't be anything new to the regulars on this forum it is good to see CXY get some positive publicity.

The one part of the article that jumps out at me was the part where it talks about CXY being valued at just 3% of CSG companies when taking contained energy into consideration.This in addition to the admission that just about everyone else on this forum has mentioned ad nauseum that CXY is dramatically undervalued compared to LNC and CNX.

The article repeats what has been said by many on this forum already. The scope for a re-rating in the short-term, the approaching pre-production burn, and the bankability of the Kingaroy project all providing opportunities for spikes in the share price of CXY, even with the acknowledgment that profits are still a few years away.

It is great to see that this publication could have run with either LNC or CNX but decided to run with CXY instead, something that can be seen as very positive and clearly indicates that the writers of the magazine see value in the UCG sector lying with CXY rather than LNC and CNX at this point in time, acknowledging that CXY is one of the most advanced UCG plays in Australia and that it is well placed to benefit from its Kingaroy project in QLD.