Tony,
We have a lot of very knowledgeable posters, YA, Mandurah, Aqua, OOO and many others. I read their arguments on the appraisal with great interest.
However, when you are paying out $900K a day, I guess you have to let the JV's balance their decision as well. Maybe that's got something to do with why only one layer was tested. Or maybe that they are just super confident, which I think is more likely.
Like many, I am not happy with the SP, I think it's more than just the POO. More like capping and accumulating.
JMO
KKW
Are we disappointed?, page-7
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