TSXV:PQE.H - Post by User
Post by
BlueMetal75on Oct 14, 2020 2:04pm
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Post# 31714894
Next 3 months should be busy, news-wise
Next 3 months should be busy, news-wiseNov: the long-awaited re-start of production at Asphalt Ridge. Dec: we combine the Quadrise tech with our bitumen product and see if that yields salable fuel oil, thus bypassing the refiners. Jan: the FEED study should wrap up, and produce the numbers that will determine if there is a bright future for this process to be replicated and scaled up. Maybe licensed around the world.
If all those events turn out positively, this should fly. If they go against us, that could be it for Petroteq...hard to see how to recover at that point.
But remember, if the process proves itself...what will drive our share price much higher is not so much just the tech and IP, but the nearly 200 million barrels in tar sands that we own as reserves in the ground!
So I suppose that by the Spring, we'll have an answer to this story. One way or the other.
All IMHO.