GRK has a market cap of approx $8.5 mil. $4mil in cash. Is involved in Hungarys 1st geothermal project. That has the potential to provide a number of follow up projects. They are also looking to pursue a number of other projects in Europe where environmentally friendly energy projects receive strong financial backing. Australian assets. Has the highly prospective olympic dam project. Directors are ex WMC so potentially have their foot in the door when it comes to supplying energy to olympic Dam. The recent petratherm agreement with Beach has provided a glimpse of what may be possible between GRK and BHP. As BHP will be looking to secure long term energy at Olympic Dam. GDY have a market cap around $110 mil and are in effect only 12 months ahead of GRK. GRK are also pursueing lower risk projects in a higher pricing environment in Europe. Geothermal is going to become very important over the next decade. GRK have caught the trend in its very early stages and is set to prosper.
A $500mil market cap could be possible over the next 5 years. Cheers
GRK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
