"Valuation: A$0.22 (unchanged)Our risked valuation is unchanged...

"Valuation: A$0.22 (unchanged)Our risked valuation is unchanged at A$0.22/share and is significantly above thecurrent share price of A$0.07. Our gross valuation of the operating assets aloneis A$0.16. We believe that the share price does not adequately reflect the valueof the existing assets alone, nor does it encompass the potential of increasedproduction from existing assets, success from Range CSG and any drillingsuccess from the sub-salt plays"

https://centralpetroleum.com.au/wp-content/uploads/2023/06/20230522-MST-Access-CTP-Update-Note.pdf

If these guys think the "operating assets aloneis A$0.16." then the m/c is ridiculously low.