The word does appear to be out in India ahead of AOE, however assuming the A$146mm correct, there is still a lot of interpretation to arrive at the conclusion.
Eg If the $146mm was for farm-in AND development spend, with AOE to match the development component, then if say the development cost was $260mm (130 each) then the farm-in value would only value the ground at $16mm.
Also $146mm is NINE figures, not seven.
I see big things at AOE, but not prepared to rush to conclusions yet. Do you realise how hard it would be to get $146mm out of a group of Indians, and for something hardly drilled.
EL
AOE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
