Or $1.10 on a proven basis !
"If we apply a rule of thumb exploration value of $1 per mcf and a probability of success (POS) of 10% then this implies a value of 4.8cps for WHL’s share of the permit. In a success case, WHL’s interest could be worth 48cps."
Wishful thinking....but I like it anyway.
Or $1.10 on a proven basis !"If we apply a rule of thumb...
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