to be fair that run to 57c was based on sheer stupidity.. There has been dilution since then and when you consider MOG sold 5% of Artermis for $7m then it gives you a more modest valuation for the 10% remaining. Realistically this may run to mid 20s at best pre-spud.. I would think around 20-22c is most likely but happy to be proven wrong.
timing, timing and timing., page-25
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