Refer to company announcement on 6th Sept. It's well worth reading. Resume...
CNX is entering into an agreement with Arcadia Petroleum. AP has access to over US$4bl. in lines of credit.
They intend to enter into a long term power purchase agreement to buy all electricity from CNX 25MW power station.
300MW Power Station.
It is intended that Arcadia will own this power station that will cost approx. $350ml to develop.
We are not talking "chicken feed" here guys!
We have not even started to talk about the overseas potential whereby CNX will be earning royalties from these projects.
LONG TERM INVESTMENT is what this is all about.
Think BIG, Think "JUBILEE", Think $26.00!!!
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