analysts target 1.73 , page-2

We Arc holders think we are hard done by, PSA's share price has halved in the last 8 months despite them steadily increasing reserves and I have seen valuations of $3 so let them have their small rally that has petered out this morning.

As you point out, Arc currently has a conservative valuation of around $1.70 according to the experts which is basically just the in ground value of the proven oil/gas reserves. So given that mid tier energy stocks are generally undervalued, especially Petsec, Beach etc. why invest in Arc when all the hot money is clearly in metals and uranium?

The reason is simple:

Each of the many wells being drilled now and about to be drilled in coming weeks each have the potential to add substantially to the current share price. Very substantially, every BOE they find will be valued at around $20. That means that if Perserverance being drilled now as an example, came in on target Arc's SP would likely increase by ~ $1. Then there is Drakea, etc, etc. Petsec on the other hand makes a lot of new strikes but they are all fairly low value.

A couple of years (or less) ago Arc would have been trading well into the $2's by now just on the exploration speculation, all of the hot air is elsewhere allowing us to buy this stock for less than the value of it's current assets. Anything from here is a bonus and there is nothing but action on many fronts.