ucg technology questions, page-6

GI


Since listing, Linc has:

- Acquired Yerostigaz along with it's I.P and 230 experienced staff.
- Built, started and decommissioned 3 generators and developed their own UCG technology.
- Built a GTL plant.
- Purchased Sapex and identified the site for their first commercial project.
- Purchased 90,000 acres of coal tenements in the US.
- Started work in the Vietnam JV.
- And drilled up very valuable coal tenements that could "possibly" finance their first project.

Agreed, LNC have done all that ... but can they produce syngas and can they control its quality? Might not 230 experienced staff be a bit of a drain on cash if they are not moving forward with pace towards defined commercialisaton?

I think what Seamfiend is saying is that only the last point is supporting the value of LNC.

Like I said earlier it distills to optimising an existing proven technology or developing a better one that can give investors a higer ROI ... its ballsy to take a view right now that LNC will succeed ... you'll be a rich fellow if they do.

Current guidance from CXY is that the numbers stack up and the Kingaroy project has a 7 yr pay back period and a 30 yr life. The risk CXY investors face is being overtaken by a more economical syngas production technology ... imo that risk is yrs away from being a potential concern.

Cheers
Dex