ha - that's the big question, and up for every individual investor to decide for themselves. I personally don't think it changes anything - if anything, it makes disoveries like Mopane and Venus (which appear to be moving towards FID), potentially even more valuable (IMO only). I think of it a bit like property, there is only a limited amount of beachfront property in a small area like Bondi, Cogee, Byron Bay, etc - and land values there are astranomical, whereas move a few km inland, and values drop significantly. Interesting times with a few more results due in coming weeks/months - Chevron, Rhino, ENI, and mopane-3x. Risk on!
PCL Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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