Ann: RRS Presentation- Paving the Way to a Greener Future, page-28

I agree with your analysis- Georgina's recent assay results were very disappointing, & the SP dropped c.20% immediately (& continued to fall to 16 cents, although a general market sell-off was occurring for all explorers later on) after the assays were announced.


From today's GRV Presentation

"Alpha Torbanite Project
9
BITUMEN PRODUCTS
● Steady increase in bitumen FOB pricing globally.
● Rising oil price set to increase prices of petrochemical products (including
bitumen).
● Demand side pressures in Federally-funded rural road upgrades, Covid
stimulus and Queensland Olympics 2032 infrastructure upgrades
● Bitumen export opportunities with New Zealand and Pacific Islands
ROAD TO COMMERCIALISATION
● Vision for Alpha to become Australia’s sole domestic source of fully carbonoffset Bitumen products
● Alignment with Qld renewable energy targets and Federal Government
commitment to net zero emissions by 2050"



Due to China's recent:
. agressive & unwarranted trade bans on Australia/falsehoods over quality of our exports

. millitary laser & metalic dispersions (deliberately into the RAAF P 3 Orion aircaft engines) attacks against our aircraft

. fully backing Russia in its brutal invasion of Ukraine, & circumventing (buying more Russian oil etc.) sanctions imposed by democratic countries.

most realise it would be very unwise to trust China in the near future.

And we we should NO longer rely on importing our bitumen from China (or indeed, any crucial imports from China!).
The need to diversify our crucial imports from China is becoming increasingly recognised in Australia- & many other democratic countries.

The geothermal energy source, if viable & economic, would result in GRV "green" bitumen- & GRV eventually having a NPV in the $ billions.
GRV's success is not guaranteed- but I am content the risk/reward considerations make GRV an attractive investment.