potential is now undeniable, page-3

Good point Cashken. My estimates exclude a number of factors. Certainly in the current market, the lack of debt is a big plus. If there was loads of debt then that would be a factor that I would have needed to include which would have limited VILs ability to achieve its potential.

The lack of debt and the series of new income streams in coming months, ie Miogyp (Bullseye), Bongo, FP#1 will transform the outlook for VIL. These lower the percieved risks that are often associated with exploration companies as you rightly point out. While the potential is huge the risks have been lowered this a rerating seems inevitable.

I also agree with you that the bear market, current low gas prices etc all offer additional upside potential as and when these factor inevitably change. I wasn't including any of these in my short term predictions as in the short term (weeks and month) these things are harder to predict. I see these as being part of the longer term potential.