The problem is, how long will recovery take?
We need some advances in securing a JV to get some funds moving. Our real issue is convincing someone to fund the drilling before a resource can be demonstrated. Perhaps this is the logic behind the Blanche1 fraccing?
One thing is for sure: to fund such a high-risk operation, GRK will have to offer equity at rather discounted levels to compensate for the unknown variables, which are many.
At this stage, GRK has whiplashed down lower than fair value, but we need a catalyst for the next run. Does anyone have any opinions on what/when that might be?
Cheers
The problem is, how long will recovery take?We need some...
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