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LNCWill Linc become a "trader's" stock again?

  • It is likely that once rumors of the sale of the Emerald Coal Tenements begin again then it will become a trader's stock. as once the talk of the Emerald sale ceased the share price became stagnant... But post the GFC high grade coal is again a sort after commodity

    LINC's high grade coal tenement's for sale include:

    • Emerald: The Emerald (Teresa) tenement - inferred 852 million tonnes ("mt") resource in accordance with the JORC code* contains coal of coking and thermal grade.

    • Galilee: Coal mineralisation exploration target(1) of 3.0 - 3.4 billion tonnes**, including 1.6 - 1.9 billion tonnes identified for potential extraction via open cut mining methods within a depth of 120 metres.

    • Pentland: The Pentland tenement containing a total thermal coal resource of 266mt in accordance with the JORC code**

    Recent Developements USA "Linc Energy now holds more Wyoming State coal leases than any other company, with a coal acreage footprint of 173,327 acres. This puts Linc Energy into a very strong position to undertake commercial UCG operations in Wyoming and move quickly to the construction of a commercial Gas to Liquids facility in the USA."

    South Australia SAPEX's Ground... Several billion tons of coal that can be converted to oil for around $30 per barrel with 1 ton of coal giving ~1.5 BOE...

    "Five exploration wells intersected coal at depths of between 200 and 293 metres with coal seam thickness of up to 23 metres. JORC Code of 1.0 to 1.3 billion metric tonnes. The coal deposit is at an ideal depth for Underground Coal Gasification (UCG) "

    Vietnam: Linc Energy entered into a business cooperation contract with Vietnam National Coal and Mineral Industries Group (VINACOMIN) and Japan’s Marubeni Corporation to undertake a trial UCG project in the Red River Delta region in Vietnam.

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