one day not too far away

One day they will find a JV partner, probably a big mining company to join them in drilling these enormously deep hot holes. They acknowledge that they need a partner - no surprises here. Petratherm teamed up with Beach Petroleum for drilling in the Paralana system and gave the project more grunt. Additionally Petratherm got a Fed gov grant of $5M to help the show. I think it is just a matter of time before either and probably both of these events happen to Green Rock. When it does the stock should move to market cap comparable to Petratherm which is about $50M. On this basis with 150M shares on issue GRK would be trading somewhere nearer 30cents. It has been a tough ride for this little company and the geothermal industry in Australia is still in it's infancy but the tide is turning. With the world going green and energy being the major issue for the world, then getting into a new sector at the bottom is not a bad idea. It reminds me of 6 years ago when the metal prices were shot to pieces and everyone had a hangover from the tech bust that a few brave sould piled into the resource sector. I think that the next 5 years will see significant progress in this geothermal energy sector and I am have put my money in the pot to hopefully make a great return. I bought in the mid 4's and will hold and not trade. I think it is too dangerous for me to trade as this little company could just be a bolter. My thoughts are to buy, hold, don't stick them in the bottom drawer but in the safe.
Cheers and good luck.