At the recent RRS presentation Mark Turner said that we will have the "third and final" Alpha Parr Reactor test results "just after Christmas".
A small delay but still on track for a game changing Q1 2023 PFS. Mark sounded very confident!
Lab test results will include the all important Bitumen yield from the liquefaction process together with details of by-products . Enough information I think to enable some back of the envelope calculations re the profitability of the project and corresponding Market Cap.
(I've already done a rough calc based on processed ore of 250kton per annum "mine blend" being 2 parts Cannel Coal at 12 % Bitumen yield plus 1 part Torbanite at 30% Bitumen yield, and at a Bitumen selling price of $1651 I had no trouble coming up with market cap of $400m or around $1.0 per share.
Lots of estimates included in my numbers and no cost for dealing with CO2 emissions included. Also no allowance for by-product profitability. But overall in the ball park I think.
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Mkt cap ! $30.37M |
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1 | 92598 | 0.068 |
1 | 100000 | 0.066 |
2 | 161646 | 0.065 |
1 | 2000 | 0.061 |
2 | 33500 | 0.060 |
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0.070 | 50000 | 1 |
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0.075 | 67600 | 1 |
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