RE: Somebody tell me something.I figure that about 2/3 of the US $180 million should get the Blue Mountain 49.5 MW (gross), 40.1 MW (net) into production. They will only pay P & I on the amount of money used. The approximate unused $60 million can earn interest, or provide for future expansion and to further develop their other properties.
The Production Tax Credit should be worth about US $ 7.4 million annually, based on 40.1 MW (net) poduction.
Ormat a world leader in Geothermal Power, is building the Blue Mountain Plant, while NGP's Geothermal Consultants are highly regarded.
Soon NGP should produce about 3X the power that US Geothermal is presently producing (NGP has about 1 ½ the number of shares fully diluted). When considering US Geothermal’s past and present stock price…that alone could help push NGP’s price to much better levels.