simple offshore = $0 because they need to do siesmics which will cost about $20mil TBC and range aint paying for that the JV siesmic partner will, but until that happens i dont think it prudent to allow any value. and it will take 2-3 years MINIMUM for anything to come back but before then you have elections and other local issues which may cause conflicts and with the TFG still not formally signing off anything its ? PLUS no PSA yet as well.
onshore minerals, potentially worth about $1billion IMHO BUT BUT BUT BUT BUT BUT you need to clean up the political mess first, so until then value = $0. Also NO PSA and what happened to all the samples they collected 2 years ago? what have the 3 geos been working on the last 2 years? surely they have come up with something.
IF IF IF IF political stability returns then I agree its worth much more than a measly 12c.
Forrestania was worth 1.7c for 200million shares in 2004, and since they have failed in their first program because they didnt look to find anything IMHO how can you give them more than what it was worth back then, granted nickel is worth more but you need to find it first. so 2.1c is reasonable.
you see i just dont talk trallop, i just dont get asked intelligent questions, thanks jgollner
RRS Price at posting:
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