@ftroop
Just be cautious of "research" that may be company sponsored and not 100% independent. It is very easy to accept managements numbers / assumptions and expectations rather than be very critical and have real life knowledge of the actualities and real net returns. Very easy to end up with vastly different numbers depending on real capital and ongoing costs to maintain any discovery let alone the "KPI" and " bonus" management then want to receive for " success" ahead of shareholders and directly out of cash pool. .
Small explorers and producers just don't have same metrics as larger ones and often "research" reports assume larger company metrics and so do management
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