yep good points, just took a glance comparison with MAY to see IVZ value. They have Australia's largest undrilled target target at 338 million BOE. They have a farm out option with santos or Total where they retain 20% of resource the big boys pay the cost.
Thing is this is offshore.. Exploration is estimated at about 6x of IVZ and IVZ resource is estimated at more then 3 times the size. May still has a bigger MC then IVZ.
IVZ Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
