They have a strategy in place, go through the BRR interviews and I believe they mention that the plans in China are caught in red tape, but their plans in Indonesia are advancing quite quickly plus we have a JV there. I recall them saying a month or so ago that there would be an announcement within a few months. In regards to the coal resources, we aren't going to mine them, and due to the uncooperative nature of the QLD gov there is no point in attempting another plant on that site due to the obvious risks involved. We are focussing on providing cleaner energy to Asia, hence to fast track the plans there the capital would be much more useful than a sleepy asset. I can't hazard a guess on what the tenement is worth, it isn't my expertise, hopefully somebody with some real knowledge could help? I've had a look through the web about past sales of tenements, however ours aren't similar enough to the ones that I've seen. Too many factors altering the price for me to take a stab. Dig
CXY Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
