xmagx, All good stuff old boy, but the $US 45 /bbl is for...

xmagx,

All good stuff old boy, but the $US 45 /bbl is for beginners and dreamers; the reality is that Chinguetti oil production has commenced and the oil price is close to $US60/bbl. Take the presentation model if you wish and upgrade your revenue line to reflect likely achievement. As you know the extra $US15 will flow straight through to the bottom line, and the $140 million profit suddenly becomes VERY much more. Your P/E of 9 suddenly drops to 5 or 6. Now, can you see the upside????