Pixby,
A factor of 3 is way, way too low for the kind of wildcats Bounty drill. Use a factor of 10.
Secondly, assess whether or not the wells will get drilled. Me, I dont believe Electro-Silica have the money they say they have, so I dont think any of their prospects will get drilled.
Thirdly, see if the company has enough cash and future revenue to pay for admin etc before the drilling. If they dont, assume there will be capital raisings.
Hope this helps.
Ian Whitchurch
Pixby,A factor of 3 is way, way too low for the kind of wildcats...
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