CEO discussionLong chat with the CEO today. My takeaway is this: I believe they have in their pocket a path to effective production: The flushing water or raffinate/acid cycles as it has shown to be effective and finite. However, multiple other methods that are used and proven (in the O and G industry and others) to deal with CO2 issues are being tested to find a more elegant, faster, more cost effective long term solution. Of course some of the testing requires well field access so even though they are producing some they could be doing more. That isn’t the priority now. Well field improvement is and determining which promising process is best is what is being done.
There is zero existential threat IMO.
I’m adding a bit. Once the frustrated selling that is amplified by algo’s relaxes I will add large. In six months I believe a much more positive picture emerges. This is about 1/10th of NPV at current copper prices.