That may be true on your analysis but I guess there was no basis for the share price hitting $1 a few years back on the back of the Ryder Scott / EROI reports at Grieve. You need to take a better long term view of not just Ash Creek but the underlying value now we have a HOA for the supply of CO2 to Grieve. I think if you were to call Bob Cook, he would have some views about the inherent value of Grieve and was very confidant of a CO2 flood before the last management team went down the chemical route. I feel we have a bit of a bull by the horns here at the moment.
I think we all should watch the SP. Its performing very very nicely atm.
dyor
Colonel
ELK Price at posting:
25.5¢ Sentiment: Hold Disclosure: Held
