Agree that MRC will not be the destination for most of the Great Divide bitumin but is a stopgap now until permanent arrangements are made.
MRC has always been a hedge to allow CLL to capture more of the downstream revenue.
Also believe that the strategy to raise exploration cash thru issuing flow thru credits is a sound move here.
CLL is being held back, as much as anything, for their refusal to develop or publish any sort of project total resource estimate.
Everybody else in the Alberta patch, it seems, goes to McDaniel who will on request, provide a monster estimate of billions of barrels of OBIP, which is then used to drive market cap by the folks who don't know the difference.
Gusella and GLJ, for whatever reason have not provided any estimate of the total potential resources at Great Divide.
The numbers that are released to the market are highly refined, drill proven results, including proven reserves, over fractions of the project area and fail to capture the markets desire for undrilled nonsense projections.
Hopefully this new drilling program will provide GLJ with enough info to take same sort of shot at a projection that will capture the markets attention.
You really have to marvel at the happenings on Whitewater that has, I believe, 16 holes drilled, no proven reserves and yet is capitalizing on claims of over 2.6 billion barrels of OBIP on a parcel half the size of CLL.
