$2 is definitely possible IMO based on current fundamentals (if a sustained economic recovery happens...). We could go higher than $2, but it is unlikely for one simple reason; namely, POO would have to reach new highs for this to happen (according to my modelling), and I doubt that this will be allowed to happen as it could potentially kill much needed growth.
This being said, value could be added through improved fundamentals, and time will tell what's deep below the surface waiting to be unlocked on some of our acreage.
I'm very glad that my sentiment to buy at 40c has proven to be correct. I was starting to get concerned, as I have been wrong in the past and just couldn't see any reason (relating to SEA) why our sp was falling (and posted as much).
SEA Price at posting:
79.0¢ Sentiment: Hold Disclosure: Held