HI Super,
I guess the answer is that they'll need to drill more than one hole. Sophisticated investors may want to get into Advent at an early stage to maximise potential profits.
Remember that if BUY management are correct in their assumptions regarding successful commercialisation of PEL-11 (which they have now stated twice to the ASX in recent announcements) - that MMR's Internal Equity Value would be worth somewhere around $25-$30 per share.
Joel
like it, page-28
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