asx chairs son had role in licence, page-35

Rupe, i have cut and pasted the original post, i said back then the calcs where simple but I have added a disclaimer to make sure people dont take this as advice.

However I stand resolute in my comments about the SP and valuations, the reports released further back up my valuations, dont forget they are basing the SP $1 or so when they HIT OIL! so naturally the SP will be short of that price until that situation happens? logical?


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AOI has 80% at $7 its worth 140million, RRS has 20% its value is $35million.

ie 16c + whatever value you assign to the rest of the resources.

My calcs are simple but something doesnt add up. but this would explain why consort and co sold at 90c+