Hi Clark888
Good post mate. Interesting calculations on value added. There have also been potential oil fields capped for future recovery. I suspect they do this for several reasons.
1) Contingency plans
2) In case they find a more bountiful field. They don't want to pour human resources and infrastructure into a project only to find a better one.
I agree with you on what today's news means to value adding to sp. All other projects ie. Spain, BMG reaching full potential, other BMG exploration and Future Cooper projects plus current compromised share price (PE RATIO still under 10) makes it hard to pin point a sp target. As I posted a few weeks ago sp target has to well over $1.60. Exact share target price (IMHO) is hard to estimate or even guestimate.
Interested in what other Beach goers think.
Capt. Goodvibes
oil strike, page-9
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