itc valuations, page-2

Guttesquid, good post though i think we should use $20 per barrell (low side). This takes it to circa 7cents based on 3P on high side. I continue to agree that more oil will be proven (to 3P then to 2P) though until this happens we can see why the share price is in a range from 4.9 c to 6.4 c. Don't see this range breaking for the upside for a couple more months (best guess) which is very near in my opinion. Will be accummulating more in the low 5's over coming weeks.