Updated for $0.011 BPH Price. What does this mean?
At a successful drill MMR would be north of 20c, lets assume 50% of last drill (was $0.80) at 40c and BPH 1.4X more at 56c On $10,000 Invested BPH @ $0.011 = $274,500 profit MMR @ $0.004 = $961,054 profit MMR @ $0.005 = $766,843 profit MMR @ $0.006 = $637,369 profit
Priced for ED Husic illegally refusing the application. Subsequently though we would win in court, or the Liberal Party would win (even a minority) and see how dire the GAS situation is.
PEP11 not approved = Gas shortage, or high prices and Australia potentially screwed IMO
The Key to Bowns Green ambitions is to bring down Gas prices by flooding the system and thus efficiently transition from Coal to GAS until his dreams are realised.
MMR Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
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