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Allkem Ltd T.ORL


Primary Symbol: OROCF

Allkem Ltd formerly Orocobre Ltd is an industrial chemical and mineral exploration company. It explores and develops lithium, potash, and salar mineral deposits. The company's segments are Corporate, Borax, and Olaroz. The majority of the company's revenue is derived from the Olaroz segment.


PINL:OROCF - Post by User

Bullboard Posts
Post by cristoon Aug 14, 2001 1:21pm
631 Views
Post# 4091968

qzknight - They are already in Target area

qzknight - They are already in Target areaThey apparently broke into the Mt Brown sands this morning and the gas appears very strong. Porousity was excellent, "like a hot knife through butter", and they expect to be at target depth in a day, maybe two. An electronic flow test will be completed at that time. So..we should have a more clear picture as to the extent of this Hit. My bet, giant windfall. Also, this is where we want to be...with the lead company. If they get say, 8MMCF per day at say, $4 per MCF, that's 8,000 x $4.00 = $32,000 per day = $960,000 per month. Olympic's share?...@17.54% before payback $170,000 per month...after payback, $140,000 per month. That's almost $2 million in the first year. Not too shabby! I know I run the risk of sounding too much like a hypster with this post, but this is my rationale for buying the stock on my own account. I just wanted to share it and if there are any comments, I'd like to hear them. Good luck to all.
Bullboard Posts