Hi Imbiber
You make good points.
PB has stated that Umiat is about $6 to $7 per share value to Linc {and I believe he was meaning after the appraisal program ... when it hits production the value is higher still] so that makes Umiat on its own about 3.5 Bill. I realised you were talking minimums ... just followed your lead.
I would also agree that Linc wants to push ahead with Arckaringa, but if it doesn't happen this year the resource is not going anywhere. If Linc went solo, I think there is plenty of expertise developing in the States that would allow for a successful recruitment program. It might change the timetable by a couple of years, which will irritate shareholders looking for quick SP rises, but if the Arckaringa truly is an elephant then ..... [Perhaps I am a victim of hype but the Arckaringa duck is looking like the other ducks. I am not so sure that the risks are high.]
I also agree with you that this is not their main game, which raises other scenarios.
Apart from the announced deals, in the next little while it is going to be interesting what the QLD Govt decides. Linc is rapidly morphing into a major energy player, hard to see the QLD Govt stonewalling on approvals for much longer.
If Linc gets the green light for commercial scale UCG/GTL then the 20,000BPD would set the Co. up revenue wise and there would be no turning back.
[I also wonder what others think here ... could Chinchilla be grown to scale organically, without a large cash injection. The idea is modular construction so can the thing be ramped up in stages and be self financing???][Also, wouldn't that be a prudent approach ... step by step, looking for any last minute problems?]
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