RE: Correct me if I'm wrong8 Sep 2021 14:08
Sausage - it's just talk until anything concrete is anounced. And, yes, it's been talk since October 2017.
It's the same as the CFPP. The whole business model was set up around RCPP back in 2013 when the Scoping Study results were released. The Government then pulled the plug, then it was we'll make a success just as a coal miner, which we've failed at and now we're talking about a CFPP again.
That's one great big circle.
I also need to dig out the very rough calculation of how much coal a power plant needs - it is huge amounts, upwards of a thousand tonnes a day for a smallish plant if I recollect. Therein lies another challenge.
Since we started washed coal production 4 years ago we have lost money hand over fist - millions - all funded through dilution. Not that the BoD have missed out.....
The August RNS was yet another hopeful news release. Until we get some proper actualised figures on sales, revenue and profit, it's all still conjecture. I suspect those figures won't come to fruition until our Annual Results (summer 2022....), but I live in hope.