Sunset Date Established and Bearish Summary, page-147

If MMR are not in the picture... then... how on Earth can the drill be funded lol? BPH, BUY and just Advent? I don't think so. Definitely would need a large private buyer like Talbot, but after what happened to Talbot, that does not seem likely. Especially when you have the company admitting things like this according to their latest seismic results: "As expected, the 2D seismic data acquired earlier in 2018, whilst encouraging the prospectivity of PEP11, has not sufficiently de-risked PEP11 to justify the drilling of a new exploration well therein.” ASX:MMR 04/02/2019. I would say the risk is just way too high to be putting in multi millions of dollars when the latest 2D seismic data says "has not sufficiently de-risked PEP-11 to justify the drilling of a new exploration well therein".

So, essentially what that quote says is the latest 2D seismic data has not de-risked PEP-11.... which means it is the same risk? The same risk as what? Seaclem....