At the recent RRS presentation Mark Turner said that we will have the "third and final" Alpha Parr Reactor test results "just after Christmas".
A small delay but still on track for a game changing Q1 2023 PFS. Mark sounded very confident!
Lab test results will include the all important Bitumen yield from the liquefaction process together with details of by-products . Enough information I think to enable some back of the envelope calculations re the profitability of the project and corresponding Market Cap.
(I've already done a rough calc based on processed ore of 250kton per annum "mine blend" being 2 parts Cannel Coal at 12 % Bitumen yield plus 1 part Torbanite at 30% Bitumen yield, and at a Bitumen selling price of $1651 I had no trouble coming up with market cap of $400m or around $1.0 per share.
Lots of estimates included in my numbers and no cost for dealing with CO2 emissions included. Also no allowance for by-product profitability. But overall in the ball park I think.
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