another analysis received

Received another analysis on where ERH is at from another broker mate (and arguably the biggest supporter of ERH).

The basic gist of the analysis is that at a shareprice of 45c or less you are basically getting the potential of the 143m oil column at 430 for free as 330 backs that shareprice on its own.

Given that 430 potential is many multiples of 330, thats a pretty good bargain i would have thought.

Cdchi1