I don't agree. They can drill away cheaply at the shallow targets throughout the whole area and continue producing for ages. Production costs are extremely cheap and drilling costs are not heavy at all. This type of production, once it is operational, is very profitable.
Frankly I don't care if they don't sell it, because then the cash just continues to flow into Otto's coffers, so if they don't get a decent offer for it, then keep it.
I suppose we will soon see. I suspect they will end up keeping it.
I don't agree. They can drill away cheaply at the shallow...
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Mkt cap ! $62.33M | |||
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