It's great for Gdy that they proved that electricity can be generated from geothermal sources....exactly the same way ptr is moving to do....
But
12 mths head of ptr....
Gdy has gone fron 7cents to 12cents recently.......it has lots of money in the bank still...
Ptr went to 3.7 cents recently and back down to 2.2cents today....it has just over $1million in the bank...
Ptr has fewer shares available and more capacity to generate electricity for less cost....and will end up with an comparative advantage due to the higher temps in its tenements..over the long term..
It does not have a electricity generater as a joint venture partner yet and therefore has greater capacity than Gdy to get cash via farmouts....joint venture partners and ptr has more equity ....
Exciting times for ptr in the next 6mths..... Ptr. Has 6mths to negotiate with interested parties to pay it to farm into a now proven technology thanks to the work Gdy has recently successfully undertaken...
It's been proven that geothermal can successfully generate electricity...
PTR Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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