The Real Value of 88E

We all know 88E has 3.5Bn fully diluted shares. It will have even more once we do a cap raise mid year. The number of shares in issue doesn't need to be a headline. Its the potential value of the company, with what it has or potentially has in the ground, that needs to be the considered. This will then determine what the SP is and could become.

Day to day share price fluctuations will do what the market enables it to do. Make of it what you will, buy, sell, hold, trade ...... whatever floats your boat.

The real game is as DW says, 12-18 months away, when the play has been proven up and a major wants it.

That's when it will potentially reach DW's 100-200 bagger value, and maybe more (depends on what is ultimately proven up and how many shares in issue at that time).

For me, the value I want out of 88E is what a major will pay for it sometime in 2017 .

We are still in the very early stages of proving up a world class Tier 1 asset to paraphrase DW. The only thing that changes is with each announcement to date, the play is further derisked and exceeds what the company's initial modelling predicted.

What's not to like about that