Appreciate and respect your thoughts Reddragon. Bottom line is Alcoa need the gas at the right price to run their alumina refinery - reduce costs more profit. They identified this project with exceptional potential and have thrown $100mill at it for 65% of rights. Concur with the Santos scenario but if I was Alcoa - multinational with billions $$ - would I want a pithy little exploration company causing me 35% of grief at any time during planning or production phase, making waves, having $$ issues...... naaa - I would want total control - two options - offer up for TSV's 35% or buy out controlling interest in TSV. Which would be cheaper and less of a headache? Who knows what the markets will offer - and what if the US starts going into semi-meltdown?? If so, will Alcoa put this project on the backburner? Lots of different scenarions, but put yourself in Alcoa's BIG shoes, would you want total control?
TSV Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
