Still not understanding how ADX isn’t .50 AUD! The prospects in Austria are amazing, with ADX getting farm-ins covering 50% of the cost for 25% of the production or even 100% of the cost for 50% of the production. I understand that a $40M USD market cap E&P is risky, but there is little risk in Austria, when you prove you have a commercial find. ADX is an easy multiple from here. Look at the value of a 75% interest in 800BCF of gas in Welchau-1.
Someone please smack me down and tell me why I am wrong about this company.
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