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Nevada Geothermal Power Inc V.NGP



TSXV:NGP - Post by User

Bullboard Posts
Comment by greenandgoldon Mar 31, 2011 12:06pm
423 Views
Post# 18367410

RE: RE: RE: Anyone notice in NGP's last report tha

RE: RE: RE: Anyone notice in NGP's last report tha

I don't think they're holding back, they are desperately trying to pump out more power from BM1. BM2 is years and years away. Crump Geyser will be operational before BM2.

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Breakeven is a good sign but they're not making a dent into their major loans, I think the amount of interest they owe is increasing each month because they're not paying it back fast enough. Getting to 46MW would be a start, cutting operational expenses in half is also necessary. If they can start flowing 10 million a year of BM1 revenue towards debt repayment then they've got a chance. The high interest portion of their long-term debt is only 80 million or so.  

Bullboard Posts