"Given these considerations, we believe that a discount to our...

"Given these considerations, we believe that a discount to our valuation (which we consider to be a reasonable estimation of the break-up value of the Company) of 33% is appropriate. This results in a price target of 40cps from a valuation of 61cps"

Hartleys I think but this was before the massive acquisition of new Roosevelt Project FPEC.

So fair value to me is roughly 80 to 122 cps from here.