Anon,
Not possible. If you establish a mining operation, trucks, conveyors, mills, surface gasifier, it means big bucks.
Surface gasification is more likely and less risky, but if UCG was to be proven to even work with these coals, it would take years of pilot work and it would feed a separate plant, i.e part of a growth story not a replacement of mining of feed for the first plant.
Even getting raw coal to surface and then gasifying will take years. But first, a 1000 tonne of coal minimum would need to be mined to provide a representative sample for trial works in a test gasifier to get the design numbers. Talking years. No bank in the world would be content with a couple of container loads sent to a university test chamber when investing billions.
I hope you get the idea how just far-fetched this announcement is.
- Forums
- ASX - By Stock
- what a joke
Anon,Not possible. If you establish a mining operation, trucks,...
-
- There are more pages in this discussion • 77 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTP (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.4¢ |
Change
0.001(1.89%) |
Mkt cap ! $40.24M |
Open | High | Low | Value | Volume |
5.3¢ | 5.4¢ | 5.3¢ | $4.518K | 84.53K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 28332 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 31507 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 28332 | 0.053 |
4 | 328254 | 0.052 |
3 | 554313 | 0.051 |
4 | 375000 | 0.050 |
3 | 40418 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 31507 | 1 |
0.055 | 100000 | 1 |
0.058 | 100000 | 1 |
0.060 | 99559 | 2 |
0.062 | 11500 | 1 |
Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
Featured News
CTP (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, MD & CEO
Charles Armstrong
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online