I understand the resource is potentially way bigger than that-...

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Pokerface

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24/02/24

13:10

Post #: 72575791
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Originally posted by gobris ↑

Yes AB, the potential scale of Alpha has become huge because of the Liquefaction processing method.
Prior to the Liquefaction Test 3 results the project was all about 4.6mt of Torbanite only. The 14.0 mt of Cannelite making up the original 18.6mt Mineral Resource Estimate was a minor contributor to the project.
The Jordan University Liquefaction Test 3 results (17.05.2023 announcement) revealed that the conversion ratio for Cannelite from liquefaction is about the same as that for Torbanite.
The latest upgraded JORC comprises 28 mt of combined Torbanite and Cannelite (13.11.2023 announcement).
I repeat - both at the same conversion ratio of around 70% oil & gas.
I think therefore that we can expect 20% ++ bitumen yield from the 28mt JORC (dyor)
This project has SCALE !!!

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I understand the resource is potentially way bigger than that- they have just touched the surface- literally. If you are correct, that’s $9b in ground value. At even 5% of that we are at a dollar for Alpha.

Will there be a mandate to use “our” green ( low carbon) bitumen? Interesting question!! What’s it worth then!!!

GRV Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
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Last 3.1¢		Change -0.006(16.2%)		Mkt cap ! $16.87M

Open	High	Low	Value	Volume
3.4¢	3.4¢	3.1¢	$6.108K	195.1K

Buyers (Bids)

No.	Vol.	Price($)
1	145973	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	79027	1

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No.	Vol.	Price($)
1	108660	0.031
1	400000	0.030
2	381307	0.026
4	817800	0.025
1	43521	0.023

Price($)	Vol.	No.
0.036	79027	1
0.037	196808	2
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0.044	60000	1
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Last trade - 11.50am 24/06/2025 (20 minute delay)

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