Australia's largest stock trading and investment forum Australia's #1 stock forum

NRZ

Click for more information

0.00%

1.3¢ neurizer ltd

What is it really worth?, page-98

First 98 Last

Share
Profile

Follow
BangForYourBuck

593 Posts.

125

07/03/19

15:50

Post #: 37687754
Share

Originally posted by Ashes86: ↑

I’m working on between 800PJ and 1200PJ myself , now that we know it’s only for the main seam - I had been thinking they’ll drape the gas model over the entire geological model, but that’s not the case.

One of the recent corporate updates reads to me as though only geological risk will be applied and not process risk. But have not sort confirmation from the company.

Surface gasification / lab testing of coal samples has suggested 15.2GJ/t, which fed into 2C PRMS statement, and now we know the PCD results have surpassed expectations.

In reality we know that with further drilling , seismic and geophysics we will upgrade much more of the deposit to a 2P status , so I’m confident that whatever the number turns out to be it’s more than enough to start the commercial project.

There’s probably around half a billion tons of coal in PEL650, hich was the companies target JORC target in 2015.

Im sleeping easier these days than I have for last 5 years !

Expand

... So why then is the share price so low? Obviously the political risk is the huge elephant in the room but if the reserve was upgraded to those sort of numbers you anticipate then surely the stock would have to be in the dollars somewhere, even with said risk...?

LCK Price at posting: 20.5¢ Sentiment: Buy Disclosure: Not Held
2 Upvote

1 Great analysis

Reply

Top Stories

RCE

Recce's R327 found effective against E.coli during clinical trial

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Microcap Wrap: 5 explorers with news out today

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

There are more pages in this discussion • 113 more messages in this thread...

First 98 Last

Add NRZ (ASX) to my watchlist

SPONSORED BY