50% chance? (maybe less just read a lot about the chance being strong to hit), x 36% share of Pep11, x time to extract that over next X years, x capital to deploy to have the chance to drill= 28million, BPH share 10 million of that capital??
Throw all that together and you still get a very nice MC improvement from current 28mill for BPH, but 400 x current MC is probably a bit ambitious.
A;though Id be very very happy at 400 x current MC
Final Countdown 2.0, page-868
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