Revised Doraldo Volumetrics

Hi All

From the last two doraldo updates and cvn media last week it appears another two weeks is required to complete the doraldo drill and suite of logs plus another four weeks before being in a position to come back to the market with the revised doraldo volumeterics which means circa late August / early Sep.

Perhaps a bit hard to forecast exactly when the revised volumeterics will be released given the last asx releases advised they were still merrily and safely still drilling through black gold with no signs of hitting the owc. A very nice position to be in...

Perhaps Sep is the best general forecast date for the revised doraldo volumetrics but having said that i am sure mgt is smiling whilst crunching the back of the envelope estimates and then gleefully rubbing those figures out as they drill through another metre or two of doraldo paydirt.

And still the lay down misere of PS3 result still is to be announced (next week imho). The mind boggles.

Pretty remarkable situation for cvn holders to be in.

Almost one of those once in decade or several decades opps is now in cvn mgt's hands.

It will be fascinating to see where the share price is post the revised doraldo and ps3 volumeterics are released (which should both be out by end Sep imho). Throw in a solid buffalo announcement during the next 10 weeks and who knows where the sp will be....

Once the brokers get their hands on the new volumterics for doraldo and ps3 and run the ruler over the numbers with a now much lower risk weighting re cos it will be very interesting to read their views of cvn and their forecast sp for the next 6 to 12 months.

Even at current SP of $0.33c imho CVN is strong buy with a very high probability of sitting $0.60 + upon release of revised doraldo volumetrics which imho will be mouth watering plus ps3 volumetrics.

Biggest risk is maybe a low ball t/o predator?

Thoughts?

Adl