I think it is always a good idea to listen to what people say .........while I may disagree - I will always listed (I may even learn something)....
so - imho, at end 2015 CVN should have
cash - $120-140m (depending if appraisal for PS-1) - say Admin 6m, seismic 4-7m, new ventures 5m ....cost for ps-1 appraisal (up to 20m)
contingent "resource" from P-1 / PS-1 ....
result from ROC free-carry
so "worst case" 10cps cash ......and a possible project to develop
can you explain how/why you think 5cps is "achievable" end 2015 psle
and - plse (other posters) let the chap have his say without ragguing on him
rgds
V_H
CVN Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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