GRK green rock energy limited

Peterbax, Uranium is present in almost all granite, and I...

  1. 1,843 Posts.
    Peterbax, Uranium is present in almost all granite, and I believe it is responsible for the high heat production.
    Schmick, it looks like a consolidation to me, and the chart agrees. GRK has no defined resource, no funding, no strategic partner, no rig, no submitted REDI grant application, no target-depth results, no upcoming target-depth activities, and, besides GHT, has done the least to diversify risk.

    With all that considered, it has had a good run. We can't even guess how the market will react to the 1900m Blanche1 fraccing. I would not give the results any credit whatsoever, as they do little to 'prove' the geology at 5000m (though I personally expect the geology to be continuous). But who knows how bullishly the market will interpret the results? They are already indicated by the drill core, which demonstrated a natural system of horizontal fractures. Have these results been built into the SP?

    Regardless of Blanche1, the sector may continue to track sideways until results from HAB3 are anticipated.
    HAB3 should reach target depth by the end of August, so we could expect a piggy-back run on GRK by then at least.

    Cheers
 
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