I'd imagine SP would be hanging around 10c by the point Col, if not more.
The NAV discounts any further resource prospecting/discovery by 85-92.5%, so almost discounts what we keep getting told is very likely there.
This could add a multiple of 2 or 3 to the NAV alone in the next 1-2yrs.
I reckon any takeover over would have to be at 15c minimum.
Ann: Broker Research Report , page-7
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