advice from experienced oil investors, page-18

It would be unlikely to fall back down to anywhere near 40c given that they have wells already drilled just waiting on approval to connect and lay pipe and then they will be producing.

The price of 38c was based on an expected total resource much smaller than we now know - and it may get bigger yet.

Yes BG - though I bought a few at $1.10 I'm holding out until this looks to have bottomed and going back up before committing more money - the potential gain is just getting bigger as the price falls. I parked some cash in MMX while I'm waiting as I think that has bottomed for now and is about to surge.