Spec stocks are high risk
High chance of failure, but if successful, the share can multiply by many times
For example I bought at 0.7 cents and now 4.4 cents
Share has the potential to be worth $1 one day, it will take time and oil price to come up in value, but very possible...it can also fail and you lose everything / company goes bust
If you invested $1000 in Fortescue Metals at their lowest, you would be a millionaire at their peak years ago...not so much these days