The oppies I'm holding is my only concern. If I had a spare 20k there's no better place that I can see to put it. At very worst case we jump back up to mid 5's in the lead up to drilling - 15k or so profit. Its a no brainer at these prices.
No doubt the drilling campaign will push up the SP, but I also think getting a larger stake in the project will help a lot. Say it's a 50 million project we only have 10% so 5 million MC would be fair.
Strange there's no mention of what we actually paid for the 200% increase in acerage.
Ann: Anson Increases Paradox Brine Project Acreage, page-30
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