Since the Oct. Pres. last year there has been both good news and bad. More accurately they were aiming for $120m from TPS, the rest from gas sales ($42m).
I hope they can increase their supply of gas and reach $80m this year from TPS… anyway we’ll see.
While I couldn’t say probable or likely, I do understand why they think $120m (or even more) from TPS is possible.
In the last few years, TPS has only been generating around 10% of what it originally did. See for yourself:
(and 6 months this year same electricity generated as all ‘22 & ‘23) (so available gas has increased).
Also, we can see that the price of electricity is up. Sure, seasonal and day/night fluctuations but decidedly up. See here:
So, with more gas we run TPS longer and QPMe becomes a money making machine. Instead of 6-7 hours a day, we need 12-14 hours a day. Instead of $150-200k a day, we make $350-400k a day, and voila $120-$150m a year in revenue (from TPS alone).
Can we do it? Just need the gas. Everything else is in play.
GLTH
QPM Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
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