I wasnt going to bother replying here but youre just factually incorrect, so I'll spell it out for you.
Luni discovery was on 16 November 2022. When it commenced trading again after halt on 18 November it closed at $2.28. WA1 had 55m share fully diluted =
$125mmcap. It has never had more than 58m shares on issue, fully diluted (see below). So I have no idea where you got your $350m number from....
ENR is yet to discover anything, but the area is clearly prospective. At the time I posted on Friday, it had 442m shares fully diluted@ 45.5c = circa $201m mcap. Now it's obviously more than that.
You could check these figures yourself instead of posting incorrect info. How you see value /risk is up to you.
(20min delay)