share price, page-4

Can someone please confirm my numbers on an "average case" basis?

428PJ of 2P @ $4 per GJ ($6 - $2 cost) = $1.7 billion

Roughly 340 million shares, which gives gross sales per share of $5

Obviously there are a lot of costs that still need to come out of this, but equally there is no conventional reserve recognised yet, which should increase with fewer costs than unconventional.

Am I getting my calculations wrong, or should this still be a screaming buy, provided you believe the industry will be given a green light in NSW?

Please point out my mistake before I hit the BUY button again!