Bruce...
You nailed it..Kingaroy is indeed the tip of the
iceberg.
Len has a longbow and when he added Eneabba Gas
to the war chest,the outcome may prove to be his
smartest move.. in this Country IMO.
That Mid West Region of WA has 10 tenements encompassing
1,175 SQ KM.And is considered highly prospective for the
supply of UCG Tech.
Cougar's 50/50 deal on E70/2758 and with an option over
Eneabba's remaining 9 tenements,is looking a far better
deal than Victoria at present.The Latrobe Valley is taking
too long to materialize.Perhaps Mr Brumby is still chasing
Labor ideology,..whatever that is?
The Cougar/Eneabba JV has 74MT indicated and 119 MT
inferred, JUST FOR E70/2758..enhancing future drilling
prospects for the area south of Geraldton.
The JV pilot plant is set to commence early in 2011.
Eneabba's positive relationship with Premier Barnett
will no doubt pay dividends for both companies as they
strive to bring power to a rapidly growing region.
Western Power states that..they are unable to offer
UNLIMITED power in the Summer of 2012/2013.This has to
be a "golden" opportunity for this fledgling industry
to prove its worth via UCG.
Cougar's unfolding drama reminds me of the time when
Metgasco first came to Casino.The locals immediately
condemned the company before the first hole was drilled.
Where do they come from.?
Finally...
Western Australia will give Cougar all the room it needs
to expand.There is an intelligent 'liberal' Premier at the helm,
who also believes in U3O8 and to be surrounded by
progressive thinkers,in an entrepreneurial state..will
be the making of this company IMO.
PS.. Cougar, do your burn,'improve' the tech and leave
Kingaroy to the "unwashed".For ignorance is NOT bliss,its poverty,devastation,illness,it all comes from Ignorance.
HM
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