Maybe 10 cents prior to the drilling program might be a reach at this point, however lets put a scenario that LNR's drilling results are equal to their near neighbor's HAS & DRE, then 10 cents SP (MC 100M) is still only one-third of DRE's. Then 10 cents could be a bargain.
Ann: Heritage Survey Complete Ahead of Maiden Drill Program, page-160
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