ucg now too = re-rating

They slipped this into their quarterly but I reckon only a small portion of the market has picked up on it

I saw it thanks to Gieger


http://www.goldencross.com.au/Quarte...PDF/140709.pdf


Queensland Coal (southeast Queensland, 165 sq km, GCR 100%, coal)
The Queensland Department of Natural Resources and Mines has offered Golden Cross three coal tenements in the Chinchilla, Warwick, and Dalby areas. Golden Cross has made a further four applications in southeast and central Queensland. These areas may have potential for Underground Coal Gasification (UCG), a well-understood technical process by which coal beds can be treated, by heating in situ, to produce syngas which can be further refined to produce fuels such as synthetic diesel. While the technical aspects of the process are well known, full scale application is in its infancy. Golden Cross intends to carry out initial test work to determine the suitability of its new areas for treatment by UCG.