Have you back checked risked predrill estimates on the ASX? Neither have I. However I believe 1/3 is a whole lot more realistic than than the raw numbers from these eternal optimists and/or spruiksters - small ASX oilers PR machines.
In my observation a sober market won't give more than about a third of the 'assessed' risked value in the predrill sp. I think you will find one or two respected commentators make similiar assessment, but hey, you're welcome to be more optimistic, if it's your money you want to actually back that view with through the drill - as approached to just fleecing the foolish.
It's the fly by night ramping scalpers I am against, the ones making preposterious claims here that they do not believe, with no intention what so ever for holding one hour longer than they need to scalp the greedy and gullible reading their (highly rated) garbage. I have nothing against them trading that way, but when they support that trading with outlandish ramping here I only wish ASIC more reach.
EL
MOG Price at posting:
23.2¢ Sentiment: None Disclosure: Not Held
