RE:RE:Interest increasingBTB, Gensources idea to offset expensive electrical costs through the operation of a steam turbine genset is extremely creative, but with the cost of natural gas almost tripling in the last year, and it being the biggest OPEX cost in any solution mining operation, do you know if GSP has locked in a pre set gas rate to offset increasing natural gas prices.
I looked through GSPs Technical Report for natural gas hedging strategies but wasnt able to find anything
It would appear the OPEX calculations were based on $3.12 / GJ when the latest TR was released,and with natural gas selling in the $5 range currently, it would be very positive if that is the rate GSP locked in to.
18.3.1 Natural Gas
Natural gas service is required for the Project to provide the energy demands for such components as building heat, make-up air units and product dryers utilized in the process system. The largest natural gas consumer is the high pressure packaged boiler system, the steam from which powers the steam turbine generator to produce power for the plant site. Calculated maximum daily gas consumption for all uses is approximately 5600 GJ/d or 1.9 Million GJ/y. The calculated maximum hourly gas consumption for all uses is 235 GJ/h.
$CAD 64.10/t final product ($US 47.48/t). The major components of OPEX are natural gas delivered to site at $CAD 3.12 /GJ