On the diesel dash, PB stated the reason Linc was buying into Power House, was due to lignite they had acquired in Montana along with the Wyoming coal assets. There maybe other uses that this technology could/can be used for, but I think PB was mainly thinking of lignite, being an old coal man.
A few things from memory of reading the original documents, 1/ Power House was to work on a 100 ton per day plant. 2/ Linc actually had or was to order a 25 ton per day plant.
Now with all the delays, I am not sure if Linc would still be held to, or intends to carry through with the order, but it is an avenue to push GTL, if UCG can't get approval in appropriate market places.
I suspect there would not be too big a rush until Linc can maintain a positive cash flow to funds all these potentially profitable projects they have in the wings.
LNC Price at posting:
$1.82 Sentiment: LT Buy Disclosure: Held
