Peter Hofstra
Black Sea Copper & Gold
BLS-X
DON'T BUY
May 27, 2009
Taps into hot water reservoirs for steam to drive turbines. A number of developers have bought up the rights along fault lines in Nevada and are looking to develop it and ultimately sell the power. Likes geothermal as a category. Pretty well fully valued.
Like the stock. Very small capital company. Nice resources. 35-megawatts of power coming online in 2009. Operational risk. Great value in regards to their assets. Buy on the dips.
Developing A geothermal project in Nevada. Well advanced in the production of the project. Has his eye on it and would be quite interested in buying it back again at some future point. A fantastic project.