Just a quiet thought, re early cash flow. The GTL and UCG will take quite a few years and tears to set up, plus a LOT of money, but perhaps the shallower deposits closer to the 200m depth under the accum dust could be tapped for CSG if they are suitable? This would be faster and the product could be piped up to the underused Mereenie pipeline linked to Darwin. There is so much coal there they can do both or all, but this route would provide an early cash flow, from relatively shallow drilling and require minimal plant compared to the UCG etc. Early cash would reduce the need for capital raising and the equity dilution involved. ie pick the low hanging fruit first, to get the money to buy a safe ladder.
CTP Price at posting:
11.4¢ Sentiment: None Disclosure: Not Held
