Nothing we don’t already know. But the thing I like, is when...

Nothing we don’t already know. But the thing I like, is when Rhett says BME is going to be worth $1b and he is talking US$. Some bosses on *********, you might take this with a pinch of salt, but Rhett knows how to make a billion dollars every time.
It’s not happening overnight - drilling to start end of next year, boxes to be ticked in the meantime.
The reason BME is in this very attractive looking situation is they bought a stranded asset that is becoming slowly, but surely unstranded by WA legislation. The Gas export exemption is the equivalent of a guarantee it’s going to happen. So it’s being priced as if it were stranded, but it isn’t, it’s as good as derisked.
The risk in investing at the bottom here is not that the asset isn’t there or it isn’t going to be worth what Rhett says it will be worth. The thing is time. IMO, this is a relatively safe long term multi-bagger.