still a steal!!

Assuming those who hold on Ex-entitlement date actually take up all entitlement shares and oppies, based on todays price of 39.5c the public seem to be valuing the post entitlement price to be about 11c? It doesnt matter how many you buy pre-entitlement, in order to PRICE MATCH your total outlay pre and post on todays prices you need just a mere 11c price. (this is ignoring the oppies on top!!) With all the basic numbers on the resource already and the likely possibility of a upgraded resource in future these are likely to be more like 30c plus after all the wash-out occurs. Matching outlay for value, pre and post entitlement price (using 30c) puts the equation at a value of a little under $2...and this ignores oppies on top!!! Todays prices are a steal....I think there will be more to come before the Ex date.