bargain buy, page-4

Yes I agree its looking very good value as the project is becoming de-risked, and fundamental improved, but share price has dropped. Haven't held for a while (I got tired of all the dilutions) but buying a few back on recent successes.

I was reading that recent doc that BB posted recently (https://www.ga.gov.au/image_cache/GA17054.pdf) and was struck by the chart on drilling costs. Why is it that geothermal drilling seems to cost so much more than oil and gas to the same depth? Is it the bore diameter, some other technical factor, or is it that geothermal drilling is government subsidized and competition between suppliers is extremely limited? If the latter then there is the perfect business for GDY to get involved in should they feel the need to switch direction. For the rest it seems essential to get a lid on those costs, perhaps should even consider buying their own rig?