Petwan,
I can only add these key pointers to its value and "true account" - (which is a perception based account as opposed to a "true account",
which is why it is called a 'speculative stock':
Terms:
Look at Reserves VS Resource
Look at 1P V'S 2p
Look at 2p V's 3p
Look at 3p Resource V's Contingent Resource (in ground).
Look at which of these rating include the definition of 'recoverable' and 'economical'.
Then you might have something closer to a "true account" by way of its valuation and potential to move forward (or not).
Look at how long its taken to go from 'in ground' to 1P and right back to 'in ground' again...the full circle due to messed up recovery techniques mentioned a few posts higher.
Historical recovery aspects might be your greatest indication of "true account".
L
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