Interesting similarities with QGC as other posters have noted, however, as the announcement states the reserves were less than 20km from a pipeline which is different to Elixir's situation (I remember reading other posters saying it's roughly 400km from the nearest planned pipeline of Power of Siberia 2).
I think its been speculated that they will seek to serve Mongolia's domestic market first which removes immediate pressure for concrete plans to hook into a pipeline. Nonetheless, to see similar share price action as QGC I would expect much higher volume would need to be moved (such as through a pipeline to China), Maybe, however, the combination of a sustained greatly elevated gas price and continued extreme cost/complexity to transition to alternative energy mixes in SEA may force a major's hand into paying a nice premium for Elixir's supply and happily put up the money for a pipeline to market.
I'm a big fan of the project and management team, but at this stage I'm trying to keep my expectations realistic about the economics, as the capex required for a pipeline would be significant (I think I read other posters speculating $1m per km of pipeline which would be roughly $400m).
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14.5¢ |
Change
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Mkt cap ! $179.5M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.0¢ | $248.3K | 1.723M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 20054 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 579837 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 356 | 0.145 |
20 | 1461641 | 0.140 |
19 | 1284325 | 0.135 |
20 | 1287699 | 0.130 |
10 | 1600000 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 579837 | 14 |
0.155 | 262579 | 7 |
0.160 | 404556 | 8 |
0.165 | 315000 | 6 |
0.170 | 332276 | 8 |
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