Yup that's my point, downside is what .002? I'd be VERY surprised if this ever hits .001 and trades at $1m MC - something would have to go very wrong. Downside is 33%? probability..... 10% ? vs. upside ~100-200% pre drilling, 50%?, and post drilling... well anything goes, i'll trow a random number and say $20m MC wouldn't be unreasonable if the results are good, let's say 25%?
33% down @ 10% vs. short term 100% @ 15% probability = 3.3:6.6 (1:2) RvR and that's probably the most conservative I can be lol, a 75% probbaility that we stay between .003 and .005 is IMO, ludicrous, but i'm trying to make a point - I think the chances of hitting .006 are much higher than 15%.. and wouldn't be surprised to see above .006 before the results hit (i.e. when drilling chart confirms there will be 'excitement' and 'anticipation' and all things that are healthy for the SP). And then Mid term targets, well I'll let people plug their own SP targets in, but I guess the point is that even worst case RvR looks decent, and it's easy to find bottom dwellers, but bottom dwellers who just got given a trigger for news flow in the coming ~4-8+ weeks? Once this basement churning is finished you'd be crazy to expect it to stay here.
All IMO of course, have been wrong before, DYOR
GLA Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
