massive economic upside - scadden scoping stud

Blackham is on its way. Check out the highlights from todays market releases:

CURRENT MARKET CAP $4 MILLION and have over $3.2 million cash on hand.


From the MD:

“The  results  of  the  Scoping  Study  not  only  prove  that  the  project  is  technically 
viable,  but  importantly  even  at  recent  diesel  prices,  it  is  economically  attractive,” 
Mr Dixon said. 
 


IMO SP is markedly undervalued. Once the market wakes up to this company's direction we should see massive upside, even taking into account current market conditions.

SUMMARY FROM REPORT:

SCADDAN CTL PLANT SCOPING STUDY

• 15,000 barrels per day Coal to Liquids operation technically feasible
• Fischer-Tropsch process producing Diesel and Naphtha
• Production of 4.8 million barrels per annum
• 762 million tonne resource gives over 70 years of feedstock
• Import replacement of petroleum products into the domestic market
• Scaddan Energy Project offers substantial leverage to oil price rises

Blackham is currently evaluating the development of the Scaddan lignite project into a premier Australian CTL operation.