Agree main risk element is now Commercially Extractable Volume. I've no doubt they can drill - install - produce. Thats just engineering and chemistry. Whatever comes out is gas can be cleaned up if not perfect right(?). So it comes down to what % the upgrade people give them of their 2,900PJ turning it from 2C to 2P.
Thanks @MarketingMan for giving me the workout of x 1million and then by the GJ price of $3. Can I ask how you came to $3? Is that a current standard price. Also you said 1,500 but I see 2,963 in their presentations. Do you think 50% will be upgraded? I have no objection is they recognise 1500PJ.
LCK's location supports commercialisation. Sugar daddy from China will pay whatever it takes to build a plant after. If they put $25m into this last year when it was wing and a prayer I am sure they can cut as big a cheque as needed when its an actual Resource
Basically, and correct me here, IF (they assemble, drill, produce, decommission) and their resource is upgraded, then there is nothing that would could hold this back from being in the Dollars-range of share price? Or am I missing something.
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