RE:RE:Death by a thousand cutdI agree that GRB needs to break at least one project open.
This should raise the shareprice and give some momentum towards other projects being financially viable and the ability to finance them.
I totally disagree that you can even use EBITDA relative to Greenbriar considering they have no completely signed contracts for advancing a project to the construction phase.
Montalva requires the feasibilty study and the final signoff by the FOMB. Once those two are completed there is the financing which needs to be finalized. It is then two years to revenue.
Comparing BAM that has assets, revenue, earnings and contracts is not comparing equals.
Sage Ranch requires their PDP (very close), permits (should be of no issue) but then they need financing formalized, proven sales via individual home sale contracts or sales via portions of the development being sold off. Either way they need to come up with tens of millions of dollars to buildout the required site infrastructure.
" The EV (or enterprise value) for GRB is C$35.90 million and the MC is currently C$36.45 million."
That statement is exactly correct. There are lots of "irons in the fire" but until "one" project is formalized that's likely where it will stay.
In Alberta NuE Corp (Devon Sandford) is responsible for finding the development sites and actually getting them constructed. The company appears to have sites in development (Lethbridge 1 being the most advanced with groundbreaking to be executed in March/April).
What I don't see currently is any financial involvement from Westlake or Greenbriar let alone simply mentioning any involvement in this project being on the cusp of being built.
Not to say that it is not happening but seems very odd considering for over two years of previous promotion.
As for Westlake I certainly hope their CEO's health is better and they are able to move ahead with their carbon neutral sustainability initiatives. Certainly combining the Sequestration Hub with solar power (as opposed to just gas turbine) electrical generation makes sense to me.
Utilizing solar (combined with battery storage) at more remote sites as opposed to diesel power seems justifiable from a carbon standpoint. Power could also be sold to other oil/gas companies in their immediate area. Seems you would need to be a significant distance from electricity infrastructure to justify the expense of construction but I personally have not done that calculation.
Contracts to build, financing, construction starts, revenues.
Tons of potential, just need to execute.