this is the bottom imo, page-3

Hi amb,

Even using the conservative and skeptical figure of a 10% success probability, GRK has to have some significant upside from these prices, even if only during lead up to resource definition, and assessment of commercial viabilty.

I just hope management can pull something out of this deadzone and attract investors to fund drilling. How is all that capital going to be raised from this position?

Personally, I stongly disagree with the idea that BHP will take a stake or engage in a JV (far too many variables, questionable thermal gradient economics, high capex etc), but if I am proved wrong, the price for GRK shares will rocket. I'm going to take the liberty of assuming management haven't been sitting around on their hands for the past few weeks, and are out there forging the industry relations needed to move out of this stalemate.

There are some big names brewing behind this company, and they are not in this to waste their time. Their confidence in the project speaks quite loudly.

I also think the bottom lays between here and 8c, barring market collapse.

keep well,

tawnyport