Yes another example where someone else has a business plan very similar to that of LNC.
A question was asked at the AGM whether the management team worried about other companies stealing/copying LNC's UCG knowledge. The answer was no!!, bring it on they say. we have bought up massive tracts of land with stranded coal assets very cheaply because no-one is attaching any value to this land. Once UCG takes off and becomes recognised as a viable energy source the value of these tenaments will sky rocket along with the value of our company.
The more companies we see engaging in UCG the more it vouches for the viability of this technology. If only LNC was playing around with UCG i'd be thinking this UCG stuff is a bit Specy and i'd be nervous. The fact that many others are talking UCG and EOR confirms to me that we're sitting on a winner. How much value are the tracks of land with stranded coal assets factored into the current share price. A big fat zero i'd say.
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