If GRK commissions a 400MW power plant at Olympic Dam, like they are planning, and it operates 8760 hours in a year with a tariff of $70 per MWh that is revenue of $245 million a year.
Based on GDY’s cost of Geothermal power of $45 per MWh a 400MW power station operating 8760 hours a year with a $70 tariff equates to roughly $87.6 million a year profit.
Not bad for a company with a market cap of only $22 million. Of course GRK does not have the money to get there by itself, but with Climate change THE election issue, a JV is becoming more and more likely.
GRK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held