Chart, page-2

I like your post, but remember CXO is fully funded to commence production within twelve months so a straight comparison to come up with 20 bags is probably overoptimistic. WR1 will obviously have to dilute the register to raise funds before reaching the same developmental stage as CXO. All the same, a ten bagger from here has to be considered a realistic possibility and that's very good in my book. I very much like the fact that they're re-commencing exploration on an already very promising patch with low MC and ample cash, whereas CXO were always chasing new cash and unable to get the SP moving upwards for four years. With luck the initial drilling results will stir interest in the project and set the SP on an upward trajectory from about June, with subsequent results taking us ever higher. If that happens, seeking $100M in capex to built a processing facility would be relatively painless with a SP at perhaps $2. Bring on June!