Reality Kicking In, page-104

definitely depends on timeframes.

but whilst most others have cratered most could have successfully doubled by cash twice in avzo in 12 months. or been plenty of time to enter at 4c and be sitting on 50% profits. so that's better than most others, which is what my post outperformed most others.

yes ltr done well last 12 months proving up the resource. shame that they downgraded the dfs to pfs and then delayed in for half the year because it was uneconomic.

I gather that's why the decided to explore for something else. wait for the sector to come back and project be economic. the IRR was marginal with higher spod pricing that avz used too not to mention favourable discount.

As some love to say, all that resource means nothing if you can't get it out the ground economically.

SF2TH