PEP11 APPROVED?, page-12

Thats a good question.

Firstly I would assume that there would be alot of conversion from oppies to heads, so there would be alot less OB's on issue.

BPH, fully diluted by then might be circa 1.5 billion shares. Who knows what future cap raises will be and at what price.

The share price is dependent upon drilling success, if the drilling is not succesful, then the share price will tank. If they hit paydirt, then who knows, but if you hold now, you are looking at a minmum 100 bags I reckon.

I think even 2 billion shares on issue will still see returns of a lifetime for current holders.