Considering Mobil spent $30m in the 90's on aeromagnetic surveys...

Considering Mobil spent $30m in the 90's on aeromagnetic surveys which revealed thick sedimentary sequences within the rift of the basin, I wouldn't read into the 'scam' scare. Scott only drew comparisons to the trajectory of the share price based off project milestones, for which IVZ will have similiar milestones albeit not as advances as ReconAfrica. I'd suggest what he is trying to say as that as the project de-risks as information comes to the forefront, then todays price is value if you look at how ReconAfrica has played out. The data is independently verified.
Underground risks are the chance of success. For which Scott has quoted 35% in the past..