PAX panax geothermal limited

GuysThe report was paidsfor by Panax to be used as an inducement...

  1. 1,192 Posts.
    Guys

    The report was paidsfor by Panax to be used as an inducement to potential funders, wildly optimistic in the near term, we are at least 2 years away from anything like that.

    I'll stick with my usual forecast, PPA will take us to 1.5c - 2c, funding 3 - 4.5c I believe on funding within a month or so it may overshoot to as high as 6.5c (remember HRL 2c > 11c > 1.7c)we will then quickly settle back to 3 -4.5c. As production nears late 2013 we will creep up to 10c, as positive news on progress of other projects and news of new projects is announced in 2014 we will head on up could be 20c by late 2014 then who knows.
 
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