I'd like to ave down at that price also, but for that to happen, would probably need catastrophic events, so probably not worth it.
Link fwd from Tony Locantro, who, incidentally probably has an ave. price worse than ours and a much larger holding also.
http://www.resourcesroadhouse.com.au/_blog/Resources_Roadhouse/post/Octagonal_Resources_shoots_to_Producer_status/