GRV - Share price & chart discussion, page-110

Hi Shareholders,

Am I missing something here? Or rather is the market missing a huge something here?

I have just done some back of napkin calculations based on the info I have found from Company releases.

ONLY THE BITUMEN aspect: (Company says the have a local QLD producer interested in 20Kt REFINED BITUMEN per annum)

7Mt LOM (10yrs)
700Kt per annum proposed total throughput

Just for the BITUMEN, let's assume lowest sale price $600 per tonne given
That's $12 million a year = $120 million sale contract JUST with the local QLD producer they have indicated.

Now let's presume the 90Kt /year operation for Bitumen then (using $600 per tonne):
$54 million a year into the coffers and more than $500 million AU for life of mine

And this is just for the Bitumen?


Heck let's apply a 50% discount on it because not all of it may be sold or other reasons

Just for the Bitumen business that is $250 million revenue - current 4 times the market cap

Now to study the other sides - the Shale Oil and Active Carbon

Also can someone kindly indicate what roughly Capex we are looking for this operation - I doubt it would be more than $50-$75m?