re: Ann: High Heat Flow Returned, Port August... IMO this has...

re: Ann: High Heat Flow Returned, Port August... IMO this has got to be one of the most underrated stocks on the ASX. True there are risks but

(1) it does have an enormous potential resource -
(2) there are risks but it must be put in perspective - it does not need for temps to be 200C for it to be good value
even if they just supplied hot water it probably is worth its market capt
(3) it does not need to spend 100s of millions getting its power to the grid - this gives it a lot of lee-way

What I am trying to express is there is a lot of blue sky (a huge amount of blue sky) over a number of prospects.

But even if all prospects fail to deliver 500MW power stations there are a lot of fall back positions that still make TEY very good value

This is my opinion - I welcome anyone to try and shoot holes in my argument but I just can't see TEY is worth just 15 million