Back in the Pyrolytic days, the company was talking 15% bitumen...

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gobris

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28/08/23

11:46

Post #: 69584836
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Originally posted by gobris ↑

To date, progress of the project is reflected in the Test Program 3 results contained in the GRV announcement dated 17.05.2023. These results confirm that the Bitumen yield from liquefaction will be significantly higher than that from the superseded Pyrolytic process, and that the yields from Torbanite and Cannel Coal are nearly the same;
"During Test Program Three, a maximum conversion of 67.3wt% was achieved for the CannelCoal portion of the Alpha Resource, 65.9wt% conversion was achieved for the Torbanite
portion of the Resource and 66.3wt% conversion was achieved for a blended sample".
A further liquefaction test, Test Program 4 is currently underway and it is expected that there will be additional improvement in conversions.

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Back in the Pyrolytic days, the company was talking 15% bitumen products yield. Today with Liquefaction my guess is that will be at least doubled to 30% +. 18.6 mt over say 10 years production = 1.86 mt of ore processed per annum x 30% = 558k mt bitumen x $1527 pmt = $852m per annum revenue + revenue from By Products of 25% ? Do your own sums from here !!

GRV Price at posting: 7.8¢ Sentiment: Buy Disclosure: Held
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