timing may be good for ags, page-43

Another aspect to the Four Mile project which seems to be flying under the radar is the Petratherm Paralana project.

Beverley currently has the 4MW gas fuelled power station.

http://www.leightoncontractors.com.au/projects/beverley-
uranium-mine-power-station/

According to Petratherm's latest presentation their 3.5 - 3.75MW geothermal energy fuelled power station is developing nicely. Preparations for the deep producing well are currently underway and first stage commissioning is due very late 2014 - early 2015.

http://www.petratherm.com.au/projects/paralana

"Petratherm, in joint venture with a major oil and gas company, Beach Energy, are initially seeking to build a 3.75 MWe commercial power development to supply a local off-grid mine, with the long term objective of providing large scale (520 MW) power through the national grid."

With the increase power supply to Beverley it looks to me that Heathgate will target +5mlbs per year output.

The timimg looks just right. 2013 first stage production at Four Mile. I'm guessing 2014 potentially +3mlbs from all deposits. 2015 heading towards +5mlbs from all deposits.

With the Petratherm development it sort of raises a few questions. The obvious one is why AGS doesn't make mention of this development in any of their presentations?

Not that I'm concerned. I'm actually pumped.

I think I know what is going on. Please refer to my earlier posts. lol