RE: Could be double in very near future4 Nov 2024 14:57
@Allan1953
If you look at the PSC, you are able to claw back any back costs you’ve spent on block 20. Drilling costs, seismic, rig hire, licence fee etc etc
We have $63 million of “back costs” that will be taken from revenue before the Mongolian governments share “kicks in”
So circa 1.5 the current market capitalisation
Shows how vastly underpriced the stock currently is