MCAP is a more reliable method of determining IVZ SP at spud. SP pre MK1 spud can be misleading due to the share dilution since then.
Personally, most optimistic MCAP pre spud is c. AUD$300 +/- so I won't be surprised if the SP is at 0.26 max at spud.
Also, contrary to some opinion here, MK2 results won't be enough to proceed to development and production. IVZ will suspend well for future flow test. If anyone is hoping for the numbers being bandied about by the resident pumper, you would need to be patient and hope the drill is successful.......not guaranteed. Nothing is guaranteed in this space.
MK2's objective is to bring sample to surface and prove moveable hydrocarbons. At a future date, flow test will prove if find is commercial.
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