Peter Strachan with his STOCKANALYSIS has done some model work on ITC for the first two wells . Based on cash and lease assets , ITC has mean value price 6-8c.
Value of Success to ITC cps :-
Hornet-1 ......... 1.8c
Ventura-1 ......... 13.9c
Leverage to Cooper Basin drilling ;
ITC 15% Discovery value per share = 40c
Leverage percentile 585%
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Peter Strachan with his STOCKANALYSIS has done some model work...
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