The CR was obviously well considered and pitched at 23c towards those who should have a fair idea.
So its hard to see the SP falling much further.I hope the only way is up.
STX/WGO have a great find.The only problem is that theres so much gas in WA.So the question is what to do with this find.
I'm sure there'll be a few interested groups but if these companies have to go it alone there'll be much greater dilution from more CR'ings.Its not all beer and skittles from here.We need a market.Alcoa?Mineral Resources?Or a partner to fund development.
But its alot better having gas than not.Its a good problem.
Ann: West Erregulla Resource Statement, page-136
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