CheapBut LFD is cheap in my book, that's why I picked up a few more today (10,000@33c).
It could be an indirect way in buying into the black mounting if indeed the merger comes through these will become VST shares (which I actually be glad if happenned).
But,
LFD alone is not to be underestimated imho.
We are talking about a proven discovery with an oil collumn between 150-750m (see company's website) but this is until the first couple of horizons, after that who knows..+ 6 other structures 1 of them a smalled version of Qara Dagh (anticline along the Iranaian boarder).
LFD hold 20% of the Chia Surch block(with an option to get another 20%currently helpd to the Barbados Holdco controlled by F+M).
And all these for an Mcap of less than CAD 40m.