MAY 7.14% 3.0¢ melbana energy limited

Ann: Alameda-3 Drilling Update, page-75

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    Example journey to unicorn for a tech company:
    Concept - prototype - POC - MVP - first revenues - determine TAM - scaling revenues - entering new markets - serious revenues - major investors joining the top 20 - profits - accretive acquisitions...

    The SP can swing wildly through these phases as speculation kicks in or out; as important milestones are achieved - as instos and other major investors join in and stick around...as the story catches on

    Example journey to unicorn for an oil company:
    Rock samples - seismic data - drilling - various samples / tests - confirmation from a McDaniels - partnership agreements - exploration shifts to production - buyer agreements - transport solutions - additional wells - pipelines - refinery arrangements - shipping...

    The SP can swing wildly through these phases as speculation kicks in or out; as important milestones are achieved - as instos and other major investors join in and stick around...as the story catches on

    Conclusion
    Most important thing is continuous PROGRESS
 
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