valuation - expectations et all

I know some have dissed Gibba of late based on "current price reflects true value" but I think he is accurate based ONLY on J50 and conservative expections of flow.

Back of fag pack calculatins for discussion. Based on 10x earnings, $37 per barrel oil, fully diluted 1.1B shares:

FLow rate on J50 = 500
Options = -0.019
Ord = 0.61

FLow rate on J50 = 600
Options = 0.001
Ord = 0.81

FLow rate on J50 = 700
Options = 0.005
Ord = 0.85c

FLow rate on J50 + J51 (or either/any) = 1200
Options = 0.647
Ord = 0.147

I think (in my opinion) 700 is conservative on estimted resource. I have truk load of oppies for both J50 + 51 and hence my target price for June is 14-16c on the ords.

IMHO, welcome any thoughts here. Good to have a baseline in life.