Gday wildaro,If you asked me a few years ago, i could be more...

Gday wildaro,

If you asked me a few years ago, i could be more definate as i used to trade Pax when it was Uranoz. I like most are dissapointed with the current SP as an investor.

I believe the current SP is capped until the JV comes thru. We might get some spikes, but not a re-rating, unless we get a surprise with O/S. My accountant used to tease me 3 years ago, that it will take PAX 10years to multibang. I remind him he is still on Lakes Oil. He is 82 now and smiles with his bow tie. So a portion of my holding i use for 20/30% trades, so that will have to do in the mean time. I am also snipering some options and have orders in place.

A good friend and rather large holder sms me on my iphone at 3am. Don't forget the bigger picture if this small step with Limestone is a winner.

This is from year 2000, enjoy peoples.

Don't worry too much what is happening with the price today, i'll be ready to take some bigger orders when the time is right, and hopefully take a few lines out.

www.geothermal-energy.org/files-66.html


INDIA
Present Trends in Geothermal Resources
Development in India
U.L.Pitale, Vice President, Gondwana Geological
Society, Nagpur, and P.B.Sarolkar, Geological
Survey of India, Nagpur.
The geothermal resources in India are mostly aligned
along the sub-Himalayan belt, Son Narmada lineament and
the West Coast. As many of these hot springs are intermediate
enthalpy resources, the activity at present is confined
to utilizing them for direct uses or their chemical content.
Because of the ready availability of coal resources for generating
thermal power and the low priority assigned by the
State to geothermal power generation, the development of
geothermal energy in India continues to take a back seat
after practically three decades of geoscientific studies. The
latter led the Geological Survey of India to select prospects
for pilot-scale power generation from proven shallow geothermal
reservoirs.
The geothermal waters are a storehouse of many rare
elements. Metals such as Cs, As, Cd, Rb and Li are expensive
and have wide applications in electronics, space
research and chemical technology. The on-going research
projects are mainly directed at the exploitation of these rare
elements.
At Puga (Fig. 2), the most promising geothermal field in
India, the shallow reservoir has an estimated electricity
generation potential of 1.7 MWe using binary cycle power
plants. A project is currently under way in this field for the
cascade use of the effluent water from the proposed plant
and to design equipment for greenhouse and space heating.
The hot water from the Puga springs has the following
metal contents: Rb ~1 ppm, Li ~ 7 ppm and Cs ~ 9 ppm,
(i.e., Cs > Li). The thermal water is enriched in cesium
because of the rather high volatility of this element compared
to lithium. The concentration of rare alkalies in thermal
waters may be attributed to the absorption of the
vapors from the magmatic source by circulating geothermal
fluids.
Studies are also being conducted at Puga on extracting
the rare alkalies from the thermal discharge and soils. Laboratory
experiments have been carried out on extracting
cesium from the thermal water by "ammonium 12 molybdophosphate"
within the pH range of 6 - 7, using Al+3 as a
catalyst. Recovery of seventy percent cesium, from the initial
content of 10 g/ml, is possible by this method
At Chuza, in the Spiti Valley area, the Geological Survey
of India, in collaboration with the National Metallurgical
Laboratory, is studying the economic exploitation of
cesium, using the high rate of evaporation of cesium and an
eutectic process. A study of rare element content, directed
at an eventual utilization of cesium, rubidium and lithium,
is now underway in the Sohna Valley area, Rajasthan. In
the Parbati Valley area, an attempt is being made to define
the relationship between geothermal activity and mineral
deposition.
Geochemical surveys are still being carried out around
hot springs and drill-sites to assess elements, such as
arsenic, that are pathfinders to gold mineralization. The
arsenic content is of considerable importance as this element
is an indicator of gold-bearing epithermal systems.
Chemical analysis of deposits formed near Ramshila, Kulu,
has shown the following metal content: arsenic ~ 1500
ppm, Hg ~ 810 ppb, Pb ~ 100 ppm, besides the base metal
minerals.
The base metal content from thermal water in the Beas
Valley area and at Kasol in the Parbati Valley area, suggests
that base metal mineralization might be present at deeper
levels. Monitoring of thermal water from wells planned for
use in direct heat applications, including irrigation, is continuing
in Pittorgarh area and at Tapoban, Uttar Pradesh.
The Geological Survey of India has taken on a project
to study the feasibility of bottling thermal waters (29 -
36C) from wells at Gaziabad.
The Himalayan foothills are a major earthquake-prone
belt. Geothermal studies in the earthquake-affected areas
have revealed the influence of seismicity on geothermal
parameters. Monitoring of physical and chemical changes
in the post-earthquake period in the Bhagirathi Valley area
has revealed a drying-up and an emergence of hot springs,
which may be attributed to changes in fracture patterns
resulting from seismic activity.
As a further follow-up to the proposed 300 kWe binary
cycle pilot power plant at Tatapani, Surguja district, technical
and economic feasibility studies, including an MT
survey to establish the configuration of the high temperature
deeper reservoir, well testing to measure temperature
and pressure gradients and monitoring of water quality, are
being pursued to realize the goal of a full scale (18 MWe)
7
Figure 2: Geothermal fields in India.
January-March 2000
power generation project.
Hot springs are a major tourist attraction. A major
impulse is being given to the development of hot spring
areas as tourist attractions, in the West Coast area. The
main activity in the West Coast area consists of a survey of
the heat requirements of a number of industrial units in this
region and the preparation of a project document on the
commercial utilization of hot springs.
Our major source of information was: Geothermal
Resources in India (1996) and records, by the Geological
Survey of India.
Short Geothermal