Tawny, I still think making cost comparisons is really rubbery....

Tawny, I still think making cost comparisons is really rubbery. The data is not there and the work is in progress. GDY is more advanced, we know that and the market understands it. In any event GDY has to drop a 500 klm powerline into the mix and make it pay. GRK has Blanche only 8klm to the grid. Oxiana is paying $400,000 per kilometre for the power from OD to Prominent Hill. BHP needs massive amounts of more juice and Leigh Creek coal won't last another 10 years.
Even if they both end up making reservoirs that work the inescapable fact is that there is upwards of an additional $200M in capital GDY has to make a return on assuming they make the same size eventual project. If GDY eventually spends $350M on a power station and tranmission lines and GRK spends $150M to build the same thing, the rates of return on capital and hence the overall investment thesis of the respective companies takes on a different meaning. Having a stab at costs when the data isn't there is a bit too early.
GRK is going up because people understand that there are very few geothermal companies out there and this little company is massively undervalued as opposed to its peers. The leverage is great, the upside for the sector is really good. The more GDY goes up, the better it is for GRK.
cheers and thanks for the informative post.
omg