agree to disagree. It depends on your risk profile and the...

agree to disagree. It depends on your risk profile and the dollars you’re putting in. STOs price for quadrant pretty much values CVN at current market cap, you’re buying into exploration potential, which again is risky. Or as someone mentioned above, WPLs current resources are valued the same as a lot of these mid caps, however has the significant cash flow on top of that to fund and find new developments. CVN will most likely have to raise $100s of millions to fund developments and dilute holders, unless of course it gets lucky and can sell off an exploration asset to fund other development costs - big risk.

CVN has burnt a lot of investors, it use to be around 70-80 cents a decade ago. Nowhere near that as a result of failures and many subsequent dilutive raisings.

again, each to their own, but I wouldn’t be putting 100s of thousands into anything like CVN. But that’s me and my investment profile. While I agree most were small companies once upon a time, most companies turn into that next 10 bagger. Very few oilers around do that on the ASX, as with mining. Huge risk.