Is BLR Baltic a better NOT play than BMK??I own both, but blr is about 1/2 the market cap of bmk, yet it has the 50% ownership of the main jv area, whereas bmk only has 25%. Then again, bmk has it's other areas that are 100%, plus the 50% areas with Temex, so it's hard to add up which is better. BUt blr has it's other unrelated fertilizer project, which is worth their entire market cap plus some already, so it should do good even if the NOT-nearology plays eventually fizzle.
Anyhow, I don't know the answer at all, but blr's effectively-free call option on the NOT area is attractive.