Yes, absolutely.
Just the cash alone in the bank (the exercise of options gave us another $4M), we are worth 10.5 cents per share.
Add to that, our receivables of $30M USD or $2M USD payment per year.
ZERO debts.
$30 to $40 M USD free carry for ROC 2.
Interest earned from approximately $ 105M AUD.
And 22,000 sq km of de-risked acreages for oil and gas.
And thus far, they have identified more than 60 plus potentials in our areas to explore.
All IMHO.
Ann: Roc-1 Well Update, page-5
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