These shares will increase dramatically at the start of next year. This month they will update us on the exploration of 3R and 5. Next month they will update the expectations of the 2U End of year there will be excitement as to flow feasibility studies.
The market cap is 38 million. I don't look at the amount of shares honestly but market cap. I think at the start people will look towards Asset ratio, due to the possible buyout from petrochina. If this is true, you could see the market cap sneak up to the 150 mark.
The flows are the real bottlecap for this. Permeability is 0.04 to 49? (off the top of my head). A mD of 49 is great though 0.04 is worrying.
10years to 10c is silly in my opinion, as the main events happen next year.
There is also an amazing, somewhat hidden, knowledge that people need to understand. The wells are done in a 10km range, though I am pretty sure I heard that this reserve goes for another 150km.
All in all, the flows are the test, and if the flows are expected or higher, then I think this will be a project that changes Mongolia dramatically.
TMK Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
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