30c fair value seems a bit harsh.....i would say 40c til the til starts rining then 50c possibly with more testing and size of discovery announcements.....this floated at 30c and we have drilled 1 other well which was a duster....success on the 2nd drill with all the other tenemants sais to me 30c is undervalued and i'd be happy to part with alot more cash if it gets back there!!!
Cheers
JRA
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