SACL: most likely near-term revenue opportunity gone

In July Alinta Energy, the operator of the Port Augusta Power Station in South Australia, has published a report (http://alintaenergy.com.au/Alinta/m...sibility-Study-Milestone-2-Summary-Report.pdf) in which they explain that their current coal supplier for Port Augusta will be able to deliver coal until at least 2028-2032 while WEC has been claiming that the Leigh Creek coal mine was almost depleted:

"The life of the Leigh Creek Mine, which supplies coal to the Augusta Power Stations, will be extended through further investment by Alinta Energy.

The Augusta Power Stations will remain in operation, in their current form supplied by the Leigh Creek Coal Mine, until at least 2028 to 2032. "

That means that what WEC has been describing as "the most likely near-term revenue opportunity" to commercialize the Lake Philipson deposit will not materialize. As the only other prospect presented to shareholders, coal gasification, is ridiculously expensive and so will never come on stream, it is now obvious that another asset of WEC has stranded. This, of course, is not to discredit the successful livestock breeding at Ingomar Station which was acquired after the SACL takeover and was valued $1.9m in FY2012/2013.