Ann: Prospectus - Share Purchase Plan with Attaching Options, page-14

Recon its odds on for a scale back!!!!

From latest AUCTUS research report

"ValuationOur Core NAV based on the company’s 2P reserves (assuming 60% WI in Anshof) is unchanged at ~A$0.16/sh. Drilling at Anshof is ongoing. De-risking the 3P/3C resources at Anshof would add ~A$0.50/sh (~5x the current share price). Our ReNAV continues to stand at ~A$0.80/sh. The Welchau prospect, to be drilled in January, has an unrisked NAV of A$1.60/sh. The LICHT prospect has an unrisked value of ~A$0.05 per share. The IRR prospect (if drilled instead of LICHT) has an unrisked value of $0.12 per share."




16 cps
80 cps
$1.60 per share
LICHT unrisked value of 5 cps
IRR unrisked value of 12 cps



PLACE YOUR BETS !!!!
I have!!!