Been firmly in the wait and see camp. I think if anyone wants in around these prices they should act now. "Q3" is not even 8 weeks away- that's producing gas my friend, not assembling. LCK could be anywhere by then.
Here is the timeline I see
* They install on site- up to 8 weeks
* They simultaneously drill 3 holes with the rig already there. Q- how long does that take- a week?
* They then Produce and test
* They then get a % upgraded to Reserve. Q- any idea of what % gets upgraded..20%/50%/80%
Can anyone provide a pound-for-pound comparison the resource value if Cooper or Santos owned [2,xxxPJ of 2P gas reserve? My math suggests some large numbers but I worry I'm putting a decimal in the wrong place because my calculator doesn't display enough numbers for this.
LCK Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
