CO2 Gassing Remedy ? Let's Move ForwardThe posts are all over the place.... good, bad and some just plain ugly.
Bear with me as I relate to experiences in my 40 year career.
During that time I've been up against numerous instances where unexpected commissioning / ramp challenges crop up out of nowhere.
Notwithstanding grade shortcomings, they are always solved with time & money and the operation proceeds on it's way to profitability - the only folks that are impacted are the quick buck speculators, the buy & hold folks are vindicated in time.
Obviously this doesn't help the FS NPV & IRR much but the project survives and even prospers depending of course on commodity pricing.
Before too long the commissioning challenges become a distant memory, this is my experience and I predict Gunnison will prove the same.
Call me naive or even simple minded but this is my real project working life experience.
Keeping the above in mind a great buying opportunity will arise should the share price continue to fall, I will add more to my position should the opportunity present itself.
Now let's have some fun .........what technical remedies are there to cost effectively address the CO2 gassing issue?
The current modus operandi is 'water flushing' to dislodge CO2 entrapment.
In Arizona water is a precious resource, if it works to dislodge the CO2 it is what it is, a bit of extra cost to debottleneck the ISL provided there are no permitting issues.
I propose another potential remedy for Excelsior to explore (or maybe they have) - that being well field venting.
It's common practice in many industries (eg. municipal landfill sites) to vent their dumps, why can't a similar technology be applied to Gunnison?
I don't see this as being too complicated or costly but I'm not an expert.
What I can say with certainty is that there are many, many firms in North America and around the world whose specialty is well field venting.
What's there to lose, reach out to them and investigate.
Folks, nows the time to move forward, no point harping about what should have been and what could've been, let's all pull together to unlock Gunnison.
GLTA