Whether its 100m or 500m its an annalysts view and quite often...

Whether its 100m or 500m its an annalysts view and quite often means squat in these circumstances......

The really important thing to remember is what a prospective buyer thinks its worth if they did sell with a decent offer........
So then it all boils down to where the acreage is and what the neighbours have done with their acreage!
AND who the neighbours are as well!!
When a land grab starts as has happened in the not too distant past all logic often goes out the window as well! Then you get even more unbelievable bids per acre than anyone thought.
Just look at this difference in figures in this report from bakers investment group in 2009:
The Canadian project is a potential long term legacy asset for Molopo. Recent farm-in transaction in Quebec has seen the value of acreage adjacent to Molopo?s holdings appreciate in value following positive news gas flow. In 2007, deals were being conducted in the range of USD 80-150 per acre. Recent deals equate to valuations of USD 350-1000 per acre.

Now one thing you have to also think about is the long term and if Molopo sold the buyer would be someone that is prepared to wait a few years for industry change,government and populace change etc etc and if they think theres plenty of upside to the acreage and want to get it rather than someone else then they will probably be prepared to pay a pretty penny.
Then there is the Canadian and worldwide energy needs and people often change tact when there is no gas in cooker lines or heater lines and prices rise dramatically and they realise gee we have all this gas we are sitting on in this country............
Hey Oz has sat on it for along time and now look whats happening!!
All in all a very hard job to pin down a valuation on the acreage as it is always changing so pays not to rely on a annalysts valuation so no point arguing i reckon.
Just sit back and wait for the next cash for land deal.