one of the best shorts of 2008, page-7

Sabre is entitled to his opinion. LNC has risen very fast and a pull back is probable when fizz goes out of current frenzy. How far will it fall back? Very hard to tell..... but no way would i buy at these prices. LNC will need huge CAPEX to develop commercial scheme.
Why not build coal to liquid plant whwre coal can be extracted and fed into plant? Doing the extraction 2-500m underground is far more complex.