cel breakout - fibonnaci price target, page-6

Dott, its worth looking back at what James Gearish pointed out re the valuation of Cels acreage...he had the value at 4.18 $billion, with a value after farm - in of a possible 1.9 $billion for 45%.

As you rightly point out the US energy dept calculations of a possible 8.5TCF on their acreage does not include the upper shale from where gas flowed unassisted and is also an average TCF over all the acreage .This means that CEL in the prime position could have substantially more. Also worth remembering Gas prices are a lot higher in South Africa due to the scarcity of supply.

There is massive(ridiculous) difference between the potential asset and the current market cap.