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8.20%

$3.43 vulcan energy resources limited

Ann: Acquisition of world-leading geothermal team, page-63

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Rupfel

10,358 Posts.

1307

10/02/21

21:16

Post #: 50875966
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Originally posted by NassauPalmyra ↑

This is a smart move. Geo-technical engineering is highly complex at the best of times. What VUL are doing with Zero-C is revolutionary and any/all expertise will be useful in all parts of operation. There will be challenges, there will be delays it is the nature of complex engineering.Then the naysayers will emerge once more. But, German engineering practitioners are among the best there are. The EU is backing VUL too. (That's another ball of wax to unpack)

Short term holders, and maybe some others too, may bemoan, and/or this announcement question, but as we move to DFS this is a smart move. Do it right. Get the engineering correct first time. So, when it comes time for production our parters have total confidence in the supply. Anybody who has seen a major engineering shutdown knows how they bleed money. I mean tens of thousands per hour, often much much more. For me, this is safeguarding the geotechnical aspect to the project and allows for additional integrity to the operational phase.

GLTAH

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We are definitely on the same page but said it better!

VUL Price at posting: $7.70 Sentiment: Buy Disclosure: Held
3 Upvote

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Last $3.43		Change 0.260(8.20%)		Mkt cap ! $587.6M

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