RE: Rossannan, you scare me!4 Jul 2019 17:20
good post Rossanan, its about adding value up the curve, and although SUBCO is early it isn't actually step 1 of the explorers curve. $20 million has been spent so far and the results returned have been positive.
You could argue against the whole concept of buying exploration companies if you don't like the risk as a lot of the negatives posted here apply to all of them. As you correctly say, the value of SUBCO on this SP is practically nothing so anything remotely positive could and should re rate the shares