depends how you are looking at the maths really.your assuming...

depends how you are looking at the maths really.

your assuming all wells coming up at once not after each other.

or you are assuming each well will not produce any money. Once 2 -4 Wells are established income will be reinvested into the next well.

also need to take into account mc2 already paid for and potentially coming online end of the year. Also they have the option to sell brk shares also proton loan has already been paid.

this is just back of envelope I’m sure there more items I have not mentioned.

I could be mistaken with the above but is my opinion as management are very risk averse

brk went guns blazing and their sp is no better off

all imo in a quick message