I have been writing about short-to medium term, and the potential of the expected results. Yes, in the long term, being 500km from a grid will detract from GDY's prospects, but the industry will be dynamic enough that expectations applied now may not be relevant then. Will Cooper Basin be the only tenement GDY develops? Will additional GELs be applied for? How much of an impact will an operation Kalina Cycle Demonstration plant make? How much progress have the other GEOs made?
And with regards to market cap, it reflects potential earnings, often via expansion. 2 billion might reflect the potential current value of the dominant future renewable energy. It is certainly not excessive when you take the value of the electricity market and consider what GDYs share could shape up to be...
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