So I'm gazing into my crystal ball today and it's a little cloudy, so I thought I'd ask you lot instead...
Should Audax report signs of hydrocarbons during drilling (around mid-to-late July for the first TD, by my reckoning), to what price do you think the SP will jump?
Whilst ADX might be valued at 5-10times the current price (see Strachan, et al.), that's only if it is a commercial, P50 discovery. My question is based on the speculative buying that would occur purely on the HC shows, when the drillbit is still in the ground going for TD 2.
FYI, my pick is 40-50 cents - I'd love to know what yours is, especially if it is backed up by anything more solid than my wonky crystal ball.
S
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