That is an interesting connection you have noted there Ex. The internal recovery estimate of 17% is indeed 30% higher than DeMac's 13% recovery estimate (based on industry standards and averages). Interestingly a 70% improvement would result in a recovery factor of 22%. Wouldn't that be nice. But first things first. Let IW2 flow and then lets get a horizontal to flow and then perhaps we can entertain revised recovery rates (at least for the Franklin Bluffs patch). It may be lower....but then again, it may be higher.
All IMO & DYOR. GLTA....it is getting close to wakey wakey time!
Undervalued SP according to Morningstar, page-13
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