Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Highlights from the 5th of Feb. in case you need reminding.
· Itumbula West-1 well has successfully completed all wireline logging and drill stem testing ("DST") operations
· The well successfully flowed a high concentration of helium to surface from Basement, at a measured concentration up to 4.7% helium
· A measured helium concentration of 4.7% equates to almost nine thousand times above background levels
· Hydrogen also flowed to surface during basement testing, at a concentration of 2.2% hydrogen, over thirty-seven thousand times above background levels
· Wireline logs, including image logs, demonstrated the location of fault and fracture zones and these were used to locate optimal well test intervals
· Downhole fluid samples have been obtained from three separate well test intervals, in the Basement and across the fault zones, all were analysed at surface in an onsite pressure-volume-temperature ("PVT") laboratory and indicated the presence of elevated helium
· Duplicate samples collected from all three well test intervals will be sent to a second laboratory for analysis
· Hot Basement fluids, measuring >80°C, encountered across the fault zone and in the Basement and are consistent with helium and hydrogen prone intervals
· Elevated temperatures consistent with a low enthalpy geothermal system
· The well is now being cased and suspended and the Company will fully evaluate the well results and focus on advancing this project in the most effective way possible
· Non-productive time ("NPT") for the Epiroc Predator 220 drilling rig reduced by over 350% between Tai-3 and Itumbula West-1
· Zero Lost Time Injuries ("LTI") across the two well drilling programme of Tai-3 and Itumbula West-1
In her previous video LB was bouncing with excitement. This time it is much more measured almost a smug i told you so with 2 fingers up to all the naysayers.
Not a pretty look but one that feels excellent if you are invested here :)
Given my investment history deciding today was the day to sell a significant portion of my holding and buy back in when the price dropped, there was bound to be an uptick in the price.
no need to thank me i hope you all enjoy the rewards of my brilliantly bad investing :)
Looks like an awful lots of limit sells are going through. think there will be some people burnt when they look and find they sold at what will suddenly be a very low price.
once those are cleared i'm hoping to see an ongoing upwards trajectory.
Been a much more sensible day on the trades today - still madness in the BB.
happy to see the price sitting in a fairly steady place.
this will probably be a waiting game now (ensuring major moves instantly).
happy to hold my shares and see where the flow of gas takes us, but as they are lighter than air upwards seems hopeful.