Yes I agree with what you say, but until proven risk = a...

Yes I agree with what you say, but until proven risk = a discount rate. So hopefully when there is success (and further announcements) then to my mind the stock will move forward from there, but until then Waylering cashflow will be discounted for risk.

So to my mind full pricing at the moment (after dilution) is 18c to 20c, hopefully get a push along with more progress and more discoveries in Mongolia. But from what I can see it is a while after that until anything else happens. We might do another farm in but until we drill holes not proven gas. Hole drilling in Perth Basin from what I can see is some time off.

Just my thoughts.