UCG operations are expensive and time consuming however will shape a bright future for the Company going forward....I am certain that a sizeable cap raising will not be too far off in conjunction with a potential reconstruction under ASX listing rules. IMO - the company will most likely first focus on proving up a resource to target the areas for the UCG focus. Refer to CNX - more advanced UCG company however this will give an idea as to the quantum of funds and time involved with the overall operation. Again I reckon IRH has picked the right opportunity to pursue!
IRH
international resource holdings limited
UCG operations are expensive and time consuming however will...
Add to My Watchlist
What is My Watchlist?