PAC partners also covered IVZ last drill and called 30 cents it went to 40 cents and was ready to head north of a dollar if it wasn’t the stock tool. The $1.38 target fullly diluted was an initial 2.5tcf resource and came up with the valuation stating a quarter of the 2.5tcf making it to market on guess work.
The reason that NEXT investors also predict $1.38 is because that is what a 2 5tcf resource is worth in paper. Now question is what is the additional 18tcf resource now significantly de risked on delayed discovery plus the oil and helium worth on top of this ?Either way this is flying through $1 come delayed discovery
Unrisked this asset is worth 15 billion dollars on 20tcf resource excluding oil and helium
