going to 80c , page-18

So neil from WA said
"Total income $8000+2000+$2400 = $12.4K/d = $4.6 million per year once in production. These wells are already paid for so I'm not subtracting the cost of drilling and completing the wells from this, and completed gas wells cost little to upkeep.

This suggests a MC of about $46m at PE 10 giving $46m/171m = 27cps"

so you value the company at 27c.... It is abit hard to be slapping 20extra cents onto that because of sentiment...
The 80c valuation is sentiment only... I too think that BUR is a steal at these prices... Ive said it before I'll say it again... mid to low 20c would put it at a fair discount given your valuation of 27c.... I wanted to get BURO but Ise holding out for a cheaper deal considering 25c+6c=31c... and heads were trading for 16cents... meant that I was paying a massive premium....
These options are tightly held, and does give indiction that heads are discounted heavily as a signal....
....
Off current market info, it is abit much to say that heads are worth 80c.... on a forward looking basis, maybe!....
....
If I didnte feel that I had other better investments, then I would have jumped right on in...
lata...
hey AA and serpie....