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4.55% 6.9¢ invictus energy ltd

This is good news. It gives them a few more options.For example,...

  1. invertedva
    8,318 Posts.
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    06/05/24
    10:15
    Post #: 73679650
    This is good news. It gives them a few more options.
    For example, they could farm down Mukukyu (a deep and expensive structure) to a major, and keep the cheaper and easier structure to drill themselves.
    They could farm out 50% of Mukuyu for, say, $75 million, including a cash component to drill the Dande independently.
    Mukuyu is going to be a struggle for a microcap to develop alone.
    IVZ Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 15  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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