RCI have a JV with BWN over this tenement.
Refer to the recent Takeovers Panel announcement in relation to BWN, specifically paragraph 15.
http://www.takeovers.gov.au/content/Reasons_For_Decisions/2009/downloads/019_Bowen_Energy_02R.pdf
a) another expert’s report valued “Bowen’s EPC 930 tenement at $10-$20 million with a preferred ‘conservative valuation’ of $12 million