1/ LNC: expected operating cost is USD20-25/barrel, it expected...

1/ LNC: expected operating cost is USD20-25/barrel, it expected to extracted 1.5 barrel/tonne.

2/ GLX did indicate in there announcement of operating cost of USD35-45/barrel.

How can GLX making up these figure? it is not out of the air and if it is not real, then there is always the regulator there to question the company. It is proven technology, given that oil price is more than USD123, and diesel should be at least 10% more expensive, do some financial modelling yourself and see whether this one econimic or not. Check my very first post about BLK when it was under 35c, and what price is it now? still cheap and plenty of room to move.

Also note that LNC is to carry out its test soon, and so BLK.... need to prove up more sampling result..... read the announcement and search Lignite and Coal to Liquid technology, otherwise go to this website and you should find plenty of information:
www.syngas.com.au