wcl t/o metrics, page-14

Energiseme, how long will the money last?

Everyone is assuming that production increases are going to cover the cost of drilling without further capital raising.

I do not believe WCL have enough money to achieve their aims hence they won't receive full value as Jake perceives it. I would love $1 but I think the most they will get will be 70c.

There is still substantial risk and cost for an acquirer to get the production up to the required levels and that will be reflected in any price offered.