Buying a resource explorer is all about waiting and developing an asset from nothing to a proved up certified resource and getting into production or taking a lucrative buyout offer for an in demand asset.
If you need constant reassurance that the investment is on track you might be better off holding blue chips or cash on deposit.
Blue has the proven reserves and the gas will have an approved pipeline this year. There is only a couple more ticks to go and the market conditions have been continuing to improve over the last two years and are almost perfect for buyouts. Years of under investment in resource development and over investment in three Gladstone gas plants mean the only way to get gas quickly to write a big cheque.
Add to My Watchlist
What is My Watchlist?