dreaming, page-2

lets see....$3ps = $1.2bill market cap.....Lets be conservative and say the market only rates it at 50% of the next cheapest peer on a 2p basis, approx $7bo = 142mmbo, on this basis MAD would need to add 70mmbo 2p from ...
1-overhang discovery, cap rock discovery, deeper targets...
2-1900 additional Blue Ridge acres
3-Boling Dome
4-Nash Dome
5-Additional acreage

$3 is the "no brainer" figure I would hope to see....

If you really want to dream, try this scenario...
Lets say the market got excited about MAD and believed the model was repeatable, management were good, that the reserves would be recovered in a timely manner and attributed the premium associated with large companys that are within the ASX200 and attributed $20bo (which would be well within the range of current peers)...MAD doubled its reserves at Blue ridge (144mmbo) and added similiar reserves from Boling and Nash combined, we get 288mmbo.......and wait for it................a $5.7bill company and $14.40 per share.

Dont quit your day job just yet......

Cheers