Australia's largest stock trading and investment forum Australia's #1 stock forum

LCK

Click for more information

6.06%

17.5¢ leigh creek energy limited

that’s top end of target range I should say

First 103 Last

Share
Profile

Follow
Ashes86

377 Posts.

80

07/03/19

16:10

Post #: 37688018
Share

Originally posted by Ashes86: ↑

I’m working on between 800PJ and 1200PJ myself , now that we know it’s only for the main seam - I had been thinking they’ll drape the gas model over the entire geological model, but that’s not the case.

One of the recent corporate updates reads to me as though only geological risk will be applied and not process risk. But have not sort confirmation from the company.

Surface gasification / lab testing of coal samples has suggested 15.2GJ/t, which fed into 2C PRMS statement, and now we know the PCD results have surpassed expectations.

In reality we know that with further drilling , seismic and geophysics we will upgrade much more of the deposit to a 2P status , so I’m confident that whatever the number turns out to be it’s more than enough to start the commercial project.

There’s probably around half a billion tons of coal in PEL650, hich was the companies target JORC target in 2015.

Im sleeping easier these days than I have for last 5 years !

Expand

that’s top end of target range I should say

LCK Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 108 more messages in this thread...

First 103 Last

Add LCK (ASX) to my watchlist