Well not quiteBut certainly interestingFrom the Australian -...

Well not quite

But certainly interesting

From the Australian -

"WLR and its partner put the 15,000-acre land position together at a cost of about $US100 an acre.
The going rate today would probably be closer to $US8000 an acre -- thanks to oil going north and gas going south.
Needless to say, WLR's share of today's going rate for 15,000 acres is a multiple of its current market capitalisation"



I recently rolled - FAR, MAD, PCL and WHN all into this little stock.
(another of Mr. Locantro's picks doing well today is RDM - mans on fire?, we'll see, his ASX junior stock picking has certainly been tempered in the fires of the Post GFC, I notice most of his Elephants have some pretty solid Asset backing these days, RDM being an exception)



re-posted from Day Trade Thread