new value of ewc , page-3

Gday Ned,

I would have thought those numbers are getting close to what EWC will be.

2P gas alone = $1.00 per share

Plus 3P gas, maybe another $1.00 per share

Existing US$60m per year on power, cranking up to US$100m per year with 18 months.

OK , even if you heavily discount the existing cash, if you condider this ' WIP cash to get the future profits '. Maybe too prudent to value cash like this, however for the sake of discussion, extra conservative.

Other discounts I agree with, No Offtake Agreement, Sovereign risk, poor information pipeline, etc.

Absolutely nothing in the existing share price cents to even suggest any value being ascibed to any future earnings potential.

One day soon it will pop.

Cheers.