EXR 20.0% 12.0¢ elixir energy limited

Grateful to see a positive prospective resource estimate but...

  1. 109 Posts.
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    Grateful to see a positive prospective resource estimate but someone correct me if I'm wrong. The contingent resource numbers are more accurate so isn't the Prospective usually the highest and then there's a drop off with Contingent and then to Reserves? So 3.6Tcf does not mean that's what we have, just a best guess at first but even if that dropped to 30% converted to Reserves of 3.6Tcf we'd still have over 1 Tcf which is great.


    Not being a down ramper as I think these prices are a great buy IMO. I just know not to get too excited when a "prospective" resource number is announced. Mongolia has huge prospective resource compared to Grandis but still waiting for any stable flow rates, I know Grandis has more pros being close to infrastructure etc but still think people are waiting to see "contingent" resources and then moreso 2P reserves.

    Lucky Wonkers! I just missed out on a 6c buy yesterday as it dumped then I immediately placed an order and then 6.1, 6.2 and 6.3 got bought above my order Just gonna hold off for any more dumps in the next few weeks and then top up to reach my 2024 Share goal
 
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