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clock Created with Sketch. 29/07/14
15:08
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Originally posted by bhutos
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They don't have as much down to 5000m, i'm not suggesting it would bump their number up as high as OBL's is bumped up (an extra 67%), only that they're not directly comparable. Why do you think even OBL separates out the estimates. The 5000m stuff is going to have an extra hard time being economic.Mitsubishi gave Buru 152 MILLION to explore with! OXX is going to give OBL enough cash to pay the CEO's wage for three years !
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The real interesting thing about todays announcement is the confidence they are showing, if they believed they had a chance of not getting 100% of the block (or 75% after OXX) they wouldn't be showing off the possibility in the presentation. As I have said previously, the SAT thing to me is just a procedural matter. When they have the block, the Mitsubishi like farm in can occur.
