Agree Splain, great interview, very revealing. Just back of the envelope calcs but I reckon they will at the very least double their profit in 06 ... this is EXTREMELY conservative. Strip out the 26c/sh value of the ARW stake and I reckon they are on a prospective PE of something like 4.3 ... that's assuming no exploration success in 06 ... considering their success rate is around 70% that seems pretty unlikely ! AMU looks great value.
