hrl vs ger, page-6

Another comparison should be done with Pax which borders some of the same acerage with Hrl but Pax have a lot smaller acerage than Hrl

HRL
93M shares
10M options
103M shares Fully diluted
Market Cap=$15M (assuming fully diluted at $14.5c per share)
Cash in bank $3M
GDP Grant $7M

Pax
307M shares
61M options (majority around 20-25c)
368M shares Fully diluted
Market Cap=$55M (assuming fully diluted at $15c per share)
Cash in bank $20m
GDP Grant $4.5 left

Hrl's extensive geothermal acerage is worth many times their current small market cap. Hrl plans to prove that the temp and flow is suitable for geothermal power generation and then to get partners (energy companies) to fund the development.

Temp and flow is highly possible considering the amount of data they have from the previous wells drilled by oil companies.

Cant see them doing any spp or broker cap raising as they have enough to drill and run the company. Spp and capital raising will come once temp and flow tests have been proven.

Hrl management team also being active by claiming acerage in chile as well.

Heard someone say the other week that we will see the greatest bull market ever regarding green energy and hrl with its extensive geothermal acerage is poised for some serious growth over the next few years.