champagne one day sewage water the next, page-9

youre bloody idiots saying icn is cheap.
it rose from 4c to 10c on speculation of nulla nulla success alone. It rose from 2.5 to 4c previously on news that it had farmed out its US tenements to CLK.

Back to 4/5c if they miss Nulla.

6 cents aint cheap unless less you attach a 2c per (6.6 down to 4.6 if they miss completely) share probability that Nulla will hit from here.. given nulla could be worth 50c per share to ICN the market is giving it a 1/25 (2/50) chance of success from here.

If you think this is worse odds than the expected value of a hit then take the punt!!

Actually now i look at the numbers - and if what space ace said was right - it may be cheap...but i was out at 7.5....