what will happen as we hit ex date?, page-20

I knew there was CTL work but didnt realise the scale that they were trying to achieve...5000 bopd at 80$ USD gives you around USD126$ million in a year barring maintenance days, coal costs and running costs i.e. project becomes more than viable in a year... (got the below from Aspect Huntly)..ok I am not selling anymore :)...stay strong fellas!!!

NHC is continuing its work on coal to liquids. The company aims to upgrade low value or uncommercial coal resources to premium products – either diesel, aviation gasoline and gasoline or synthetic crude. If successful, coal to liquids would remove the infrastructure limit on production growth. The project is early stage. Risk mitigation strategies include a staged approach to scaling up the technology and limiting capital. The demonstration plant has produced synthetic crude. NHC intends to scale up 22 times to process 1t of coal an hour at a cost of $10-20m in FY10. If successful, NHC will scale up to a commercial plant capable of producing 2-5,000 barrels of oil a day (bopd) at a cost of less than $100m.