the real value to share price, page-6

"As an extreme example, if a stock was producing 1 BOPD and increased it to 2 BOPD yet the market cap was $100m would that represent "good value".

Granted your analogy is extreme. If only it were that easy,

You talk about market cap and yet you negate all other areas of value that go into the calc. Reserves, Cash on hand (millions), current and near term production income, potential from Cooper, etc etc.

WE determine market cap Johno, and a major part of that determination is ascribed value, not a stock take.