Interesting value methodology used. Do people have any counter...

Interesting value methodology used.
Do people have any counter arguments as to why it should be higher?

"Our price target is A$0.13. We apply a 0% premium/discount to our DCFvaluation. We apply a 60% risk factor for the SNE discovery and only apply value for the first Bellatrix exploration prospect assuming US$1/bbl for the resource. Our DCFassumes a 10% WACC, US$5.8bn development costs and first production in 2022.
Downside Risks - Appraisal drilling could prove a smaller SNE resource than thought. Drilling cost overruns or partners wanting to spend capital that may be difficult for FAR to fund"