stocktalker,
They said that they estimate the future value of all future production from GC-21 is now $0.
GC-21 production (once again) did not live up to predicted production as at June 30th, 2023 (August).
Question is how much of the eventual GC-21 decommission costs will be covered by future GC-21 cashflows.
The very real risk is that GC-21 future cashflows do not cover decommissioning costs, i.e., GC-21 now has a negative sale value.
GC-21 OpEx would be high compared to SM7 and Lightning so profit margin at GC-21 may be modest.
Good luck.
stocktalker,They said that they estimate the future value of all...
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