RE: Rissana exploration drilling in 20241 Feb 2024 16:31
I'm cautiously optimistic. I think success with onshore will put a floor price in place (15p?), and then there'll naturally be a run up ahead of drilling AE - to at least 20p I'd assume. Success at AE with a higher revised flow rate could be huge for us, because a DCF at twice the previous flow rate would probably triple the NPV-10. I would assume Malcy's 100p target then looks prudent if anything. My issue, and I assume other retail investors, is assessing the geological CoS at AE. There is a good Discord group that has some seemingly expert geologists in it, but as you rightly point out, anonymous internet usernames are not to be trusted!