Mongolia was the start, is pretty central to what Elixir are doing and still stands to be a significant opportunity. It's in the middle of a process which has never been proven where it is geologically and its really just a matter of that process playing out naturally. NY and Co can't exactly work directly to improve or change that.
Grandis, which I never expected or really know anything about in depth, is the center of our focus as it is a very live and dynamic beast. In a seriously hot market for our product. It is running through a process which will take a few weeks at most and a deliverable outcome is almost right in front of us. There s alot of immediate work which the company is directly managing and it makes normal sense that day to day, the hours at the moment will be spent on that project.
I was sceptical at first with Grandis. Mostly bec I try to invest in things I can apply some knowledge to and it was just a bit scary for me. But it appears that our team knew a great deal about many intricate situations around the tenement, the market, government and CSIRO industry works, along with the big gas company directions and focus. So far so good and they were really on the money. We have done as much as we can with what we can control
May the Oil and Gas Gods be kind to us from here!
EXR Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
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