as a reminder
We see the EPA as mostly procedural in nature given it largely replicates Waitsia’s recent successful application. Confirmation of re-entering WE-3 in June/July provides a near-term catalyst ahead of a larger program in 2023. We maintain BUY and reduce our TP to A$0.41/sh (prior A$0.43/sh) on deferral of first production.
190% upside from todays close !!
lots of upside
