cue ev, page-9

Kimbo,

Yes were are now moving into pricing for the speculative, rather than just for the tangibles.

With three big hitters on the exploration front, Barikewa appraisal and further prospect generation in NZ in particular I am not too concerned about sp sustainability. As long as we are generating cash, and generating/maturing prospects as fast as we drill them I'd hazard a sp around current levels fair and sustainable, pending the jackpot.

Although not much said to date, I am also interested in some of the smaller opportunities within tie back distance to Maari, but where we have 20% interest vs 5%. "Greater Maari" as they are calling it probably doesn't end with M2A and Manaia imho (albeit based on nearology rather than geology).

One of my few greenies today,
EL