ucg - what's it really worth, page-10

Yep. I was about to correct that Bibe, I was on the beach and going from memory, my apologies.

What I should have written was the current spread is $30 to WTI and an assumed $60 for the improved product before taxes and so on. The slides also show (and always have) that these are the "stand alone plant costs", so the UCG facility is not included in the figures for obvious reasons. Like I said, to make any assumptions about the resulting profit will be a guess - sometimes a good guess - but a guess just the same.

I think we can agree it will be markedly lower than $1.75b per year though.

Thanks for providing that link. Iphone said no.