Thanks so much. Interesting you say testing results not due till...

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hc99

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03/12/22

18:33

Post #: 65135364
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Originally posted by wrongsidetrader: ↑

I very much enjoyed Mark's presentation. Very positive about Alpha, a refreshing change from MH.

Takeaways:
No indication of hesitation/concern about getting this to production.
15-20yr LOM
21.29m barrels of synthetic oil equiv
Liquefaction yields increased > pyrolysis.
Our next set of testing will very [extremely] likely improve our yields again
We may have some high value by-products
Price of C170 bitumen $1,651/tonne

Timelines
Pit design finalised around Christmas
Next testing results after Christmas
PFS end of Q1 2023

I have always been quite curious about how competitive we would be against the overseas suppliers. The fact that will be significantly cheaper, and far more competitive is outstanding. I wasn't aware of the costs related to shipping, and the requirements to transport at high temperatures (160-180c).

Keep it up Mark, love the direction and progress you have made at the helm.

Can't wait for the PFS.

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Thanks so much. Interesting you say testing results not due till after xmas. I'm pretty sure they promised them beforehand. They're very good at not keeping to their own set timelines!!

Other than that everything sounds great...but I would still like definitive confirmation of it all. So I guess roll on PFS.
GRV Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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