Your right, PTR management really are astute. But PTR and GDY will not be marketing to the same customers over the next few years, and are not rivals in the sense that GDY and GRK are (both would like to supply Olympic Dam). GDY and PTR have remarkably different business models.
Yes, this is only a strongly preferred option, but it is crucial for progress, and PTR have begun to negotiate their interest before the other Geothermal companies have.
Entropylord, it appears you are involved in the mining industry (just a guess), so you would know there are not a whole lot of third-parties waiting around with a 4000m-capable drilling rig. This is precisely the reason why PTR are so actively pursuing the lightning rig.
PTR have an exciting business model, and are not 'over the barrel', but would benefit greatly from being awarded the first tender.
PTR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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