Interesting similarities with QGC as other posters have noted, however, as the announcement states the reserves were less than 20km from a pipeline which is different to Elixir's situation (I remember reading other posters saying it's roughly 400km from the nearest planned pipeline of Power of Siberia 2).
I think its been speculated that they will seek to serve Mongolia's domestic market first which removes immediate pressure for concrete plans to hook into a pipeline. Nonetheless, to see similar share price action as QGC I would expect much higher volume would need to be moved (such as through a pipeline to China), Maybe, however, the combination of a sustained greatly elevated gas price and continued extreme cost/complexity to transition to alternative energy mixes in SEA may force a major's hand into paying a nice premium for Elixir's supply and happily put up the money for a pipeline to market.
I'm a big fan of the project and management team, but at this stage I'm trying to keep my expectations realistic about the economics, as the capex required for a pipeline would be significant (I think I read other posters speculating $1m per km of pipeline which would be roughly $400m).
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6.3¢ |
Change
-0.003(4.55%) |
Mkt cap ! $75.39M |
Open | High | Low | Value | Volume |
6.6¢ | 6.7¢ | 6.3¢ | $400.6K | 6.293M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24194 | 6.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.4¢ | 120977 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 2561725 | 0.062 |
9 | 1938310 | 0.061 |
26 | 1656581 | 0.060 |
4 | 520860 | 0.059 |
5 | 204209 | 0.058 |
Price($) | Vol. | No. |
---|---|---|
0.064 | 120977 | 4 |
0.065 | 467460 | 2 |
0.066 | 699511 | 2 |
0.067 | 15151 | 1 |
0.068 | 204400 | 2 |
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