innovation, page-15

Following completion of closed loop circulation test, aside from any financial hurdles, are there any noteworthy technical risks that remain? The closed circulation results look to be the final hurdle of any significance - answering the question 'can the resource produce sustained output'.

There is talk of price not moving much in the short term - and I completely agree in this climate there's a good chance of this. At the same time, if this project comes to fruition, it is a cash cow of epic proportions. At the point the market feels it is mostly derisked, I'd expect long term investors to be all over it. If this technology becomes commonplace, I expect the price of energy could well drop significantly longer term, though GDY is positioned well in this respect.