panax geothermal, page-12

TP wrote: "Panax is decidedly higher risk, with no rig funding and no significant cornerstone investors "

I'd hardly call these aspects "risks". A rig can always be obtained when necessary; and the the lack of significant cornerstone investors may hold back the share price but will hardly impact on whether the LC project (for example) has what it takes geothermally. It's not as though the company needs to raise money at the moment - quite the opposite. They're simply minor drawbacks. Good companies will always get cornerstone invetors once the company appears on the radar.