Great post Nev, we need to discuss the potential and where this might go in $ value, I feel exactly the same as you, i would be keen to get a lot more of these shares as clearly the future is going to be huge for GRV. It is amazing your figures are purely on the bitumen only and also including the 30% dividend allocation! Factor in the prices of the activated carbon and crude oil.....its amazing where this one is going to be positioned at in a few years time assuming all goes to plan.
Interesting also you mention the plant cost to process the Torbanite, this is a cost which i was unsure about, i thought this would be a pretty big capital expenditure, and i even wondered if this would be another round of capital raising to pay for the construction of the plant, and the associated infrastructure to get it all into production? Perhaps this is an area GRV will look to the state government for some assistance with as there will be jobs to follow for the local community on the back of any investment made from the QLD government.
And on top of all of this....what is going to be found up in the Georgina Basin drilling taking place currently!?
Ann: Drilling Confirms Georgina IOCG Project Potential, page-78
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