I agree Juma, A5 is not factored in the current SP - otherwise it would never
have fallen below 1.5c - so current SP is based on A4, with disappointment that flow is so restricted which debased the price.
On either A4 increasing to the recommended 400+bopd flow or A5 proving good results, the SP will bounce back above 2c and hopefully to between 4-7.5c to start reflecting fair risked values.
With both events completing +vely, i'm looking to a SP in excess of 7.5c and closer to 12c (if no further dilution) - that's my personal research.
Looking forward to a re-rating by the end of Q1.
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