Consider the possibility of what happens when they finish defining and start drilling. One hit after another at multiple sites will send this into the stratosphere. Yes there are lots of shares on issue, but the MC will reflect what's in the ground at current commodity prices. These guys are professionals and as such are approaching it with their relative expertise. Being an ex-nurse in the operating theatres, surgeons don't just go straight for an operation without all the information they can acquire - corresponding scans etc to pin point the exact area they want to operate on. Yes they have a general idea, but some complicated things require definition for the best result to be achieved. They have a greater understanding than any of us what is potentially down there, but showing restraint and being professional is what counts.
MPJ Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held