Firstly, would you swap $100mil of cash, for $100mil of reserves in the ground?
seriously? I wouldnt
would you pay $100mil, to, only get, possibly $100mil back over 10 - 20 years?
thats a raw deal isnt it? who would do that? you would be shafting yourself.
but, if you could buy $100mil of reserves for $50mil which will take you 10 or more years to get back, then it becomes of interest. because your spending $50mil to make $50mil
dont understand your point to the above ?
i can tell you though that payment is only one month behind
"60% is very best case considering BUR has no inferstructure or equipment or anything else to tie into the package"
are you saying the lease has no value ?
Firstly, would you swap $100mil of cash, for $100mil of reserves...
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