STX 2.38% 20.5¢ strike energy limited

Ann: Southern Cooper Basin Contingent Resource, page-65

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  1. 6,374 Posts.
    lightbulb Created with Sketch. 784
    you need to seriously lower your expectations! Yes, Orica going ahead is another major milestone (as I have ben saying for some time) but the ultimate goal is commercial flows of gas - yes?

    If you re-read the Ord Minnett research I posted yesterday, here's what they say.......Strike now only needs to demonstrate commercial gas flowrates to enable the contingent resources to be converted to reserves. We think this is likely to be achieved around year end 2015

    That means there is plenty of time for the big end of town to get set for the big run (when/if it comes) and everything before then is just another step along a risky path to commercialisation - including Orica & all others exercising their various options!

    If you don't have the patience for the long game, I suggest get out with the other sellers who are doing the same for exactly that reason.

    HC
 
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