geothermal comparisons, page-15

Davo,
Whilst on I am excited about the advanced technology of the Lightning Rig, this is not what will produce the SP rise. It will be the completed holes. No sourcing delays, and less development risk. GDY have proven how difficult it is to drill an appropriate well, and they are now the only GEO equiped to do it. Let me say that one more time -

GDY are the only GEO with the current capacity to drill production wells.

This does not detract from the future technical prospects for the other GEO companies, but it will influence SP. First holes = first demonstration plant = highest returns.

So to say GDY will outperform is a statement based on assumed timelines and assuming no major delays - which is a big assumption. However, it follows logically that the star performer in terms of achievements will also be the star performer in terms os SP (although markets often seem to defy logic).

GRK may offer high leverage/reward in the long term, but the state of the industry and the assumptions of timeframes would lead one to think that GDY (and particularly GDYO) will be the best investment. It certainly has the lowest development and finance risk.

Also, it would be a tough call to say GDY will be a 10-bagger in 2 years. The market is red hot, and if it falls, GEOs fall too, regardless of potential. GDY, being closest to production, will be a far safer choice in a bearish market, attracting investment dollars whilst companies like GRK may be viewed as more speculative.

In my view, GDY will outperform GRK despite GDY's lower risk profile, but this is just my opinion. Holding GDY over the past has been a good lesson in how challenging the obstacles can be in an emerging industry.

My views have led me to invest primarily in GDYO, then PTR, then GHT, with a minor holding in GRKOA. This correlates with each companies' level of progress.

In a hot market GEOs will all run. Come downturn, people will be shunning risk, and not all GEOs were made equal....