RE: $1 to $10Molopo owns 1,850,000 acres which equals about $100 an acre based on their market cap. Yet they are ramping up a new coal seam gas field in Australia. Anyalsts were predicting there stock price will triple without any contribution from Quebec. Land prices still seem to be way below what the stocks are trading at.
So far there stock has gone up about 25% on the hype (Guess those Aussies are a little bit more laid back).
I think there is so much land in this lowlands play that these stocks are hyped based on what any one would pay for the acreage.
Don't get me wrong - in the last two weeks my Quebec stocks have gone from 5% of my portfolio to 50%.
I just dove into Petroolympia but can't convince myself to get into Altai.