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  1. 551 Posts.
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    If you are looking for a sure thing, then assume you might be able to get $10/barrel for the P90 of 23mmbbl. That gives you US$230 million. I would work on 1:1 USD/AUD simply because who knows what the aussie will be worth by the time we hit production, so 7.3 cents per share. Not over valued on that basis. Of course there are many ways this value will increase, but the above is the only value you could start to call a sure thing.
 
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