mir,the institutional investors are more likely to read what...

mir,

the institutional investors are more likely to read what Euroz says than what is suggested on this bulletin board :-)

Thanks for the extract from the report. They get better and better. If you compound all the improvements and apply the multiple to reported reserves, you can get to $9/share NPV10. NSAI will progressively take them into its reserves valuation.

The fact that Euroz's target is lower than its 9 March target possibly just reflects the loss of momentum in the market and FX changes, which tend to reverse to some degree. At this time next year, this level for the share price will be distant history.

Now that the fracc teams are catching up and eliminating the backlog, there should be 30 day flow figures released soon.