Only read the Madrid presentation quickly. It looked good, looks like they will get a good stake in a modest profitable low risk project quite quickly and without much outlay themselves. With expansion it may even become quite a good revenue stream.
However Paralana has to be a much more interesting project, a potential company maker. The amount of money TruEnergy and Beach are lined up to commit says it all. Remote mine power generation costs in the vicinity of $300/MWh really creates a compelling business case, if they can get the technicals right.
GeoMadrid may make a few dollars, but it is Paralana which could open the world to PTR.
Why do you see pushing Paralana as tripe?
EL
PTR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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