My conservative outlook is 8-10c like you said. This could go way higher…
If this gets approval you’ll see majors(santos/Woodside/ConocoPhillips etc) buying up shares across MMR and BPH.
The reasoning would be if they can get as many shares as possible for a cheap as possible.
By them doing this will add significant buy pressure.
From about 1-1.5c on the heads you’ll see both BPHO and MMRO move with pace.
Exciting times.
This is my speculation and outlook, DYOR.
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