Moneytree,
Agree.
TBE,
PES was different, they had half Queensland in comparison, huge potential compared to BOW's pretty adequate potential.
Anyway on the basis of 2P your comparatives would say BOW overvalued, but we know that is nonsense as 2p and 3P are moving targets. BG didn't aim at the moving target, it was the destination they were interested in.
EL