GRV greenvale energy ltd
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whats the oil conversion into bitumen... separation into light...

  1. sahmee
    10,389 Posts.
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    18/05/23
    15:19
    Post #: 67846183
    whats the oil conversion into bitumen... separation into light and heavy fractions.. then heavy into bitumen
    in some of those lab studies 30-50% was achieved (from cannel coal)
    talking to Mark.. and he's said publicly 30% was the bar.
    Is he being conservative or not, I don't know.
    50mt at 30% bitumen is 15mt at $1500 a tonne
    which is
    ..
    ..
    .
    $22.5b

    lol

    and that seems a big enough insitu to have a good crack at couple/few billion mktcap to me
    Last edited by sahmee: 18/05/23
    GRV Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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