why the big selloff, page-10

well, at 1.6 billion mc, what is a spec pilot plant worth?

This has way over run without the runs on the board.

Sure the sector is hot, but overheated at the leaders end.

At some point, one has to argue, there is risk, and what MC do you pay for said risk, vs promised earnings.

Their presentation, says they are two years away from 20,000 bopd, and ellude to 10 more sites, and they come up with a 1 mill bopd figure, ie, these other 10 sites are going to deliver 980,000 bopd, ie 98,000 bopd each.

All this from a pilot plant.

They sure aim high, time will tell.

It certainly offers the juniors in their shadows a huge updraft.