CVN A$158 mill cash and receivables, page-126

Eyeswideopen

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