That’s around $14b of value, Gobris. If we apply a very...

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Pokerface

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14/12/23

17:32

Post #: 71454892
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Originally posted by gobris ↑

See announcement 13.11.23.
Torbanite and Cannelite resource increased from 18.6 mt to 28 mt.
However GRV chose to calculate the Synthetic Oil available from the 28mt by using the outdated Modified Fisher Analysis method. They reported 27.7 mboe relative to the 28 mt resource.
Had they applied the Liquefaction Test 3 result the synthetic oil available from the same 28 mt resource would be approx times 4 the mfa value. ie 27.7 x4 = 111 mboe.
My understanding is that we now await the Liquefaction Test 4 result from Monash and this will be the value used in the PFS.
Patience required !!

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That’s around $14b of value, Gobris. If we apply a very conservative 5%, that’s around $2/share. But GRV would be in a monopolistic position in Australia- so maybe 10 to 15% is arguable. Slightly undervalued!!

All will be revealed regarding the potential suite of products in due course. 2024 could be very interesting. We then have the helium and geothermal!!! Amazing.

GRV Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.0¢		Change 0.002(5.26%)		Mkt cap ! $21.77M

Open	High	Low	Value	Volume
4.1¢	4.1¢	3.6¢	$14.25K	368.6K

Buyers (Bids)

No.	Vol.	Price($)
1	20000	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	74524	1

View Market Depth

No.	Vol.	Price($)
1	20000	0.037
2	78850	0.036
1	100000	0.034
2	381307	0.026
4	817800	0.025

Price($)	Vol.	No.
0.041	74524	1
0.042	77613	2
0.044	60000	1
0.045	241924	2
0.046	50000	1

Last trade - 16.10pm 17/06/2025 (20 minute delay)

GRV (ASX) Chart

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