StockAnalysis is a paid newsletter and worth considering a subscription if you are interested in oil and mining stocks. I can't post the full content, but he values discovery of 200 mmbbls at $1.65 for RMP, although his probability of success is lower at 20%.
Worth a flutter with an amount that can comfortably be lost (as that is the most likely outcome). I've been burnt by enough high-risk high-return stocks that make you see dollar signs in your eyes (most recently FAR) to learn that ...
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