There are a few key differences betweek LCK and Linc Energy's QLD contaminations.
LCK is outside of the Artesian Basin and the groundwater is saline so not risk contamination.
The coal seam at Leigh Creek is 380m compared to QLD at 150m which allows better O2 injection control and reduces risk of overpressure cracking the coal seam and over layers allowing syngas to escape to surface.
And as others have pointed out, Leigh Creek is already a mine so not disturbing farmland.
LCK has the advantage of access to pre-existing access power, pipeline, rail, and township infrastructure.
Natural Gas prices in Australia will lilkely increase long term as the multiple LNG plants siphon off Gas and ship to overseas buyers at a premium. LCK coming online in 2019 is primed to strike at the upswing and remain profitable for its 30yr life.
Leigh Creek will produce much needed reliable electricity for SA and esp for the nearby mines like Olympic Dam.
They will also produce fertiliser and explosives.
Obviously, I am a confident shareholder.
There are a few key differences betweek LCK and Linc Energy's...
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