What is fair value for IXR ?, page-40

Purchased IXR at 1c between the announcements of the JORQ results and the SPP and missed out on the SPP by a day which was unfortunately as we would have gotten an even better price had we either gotten in earlier or waited a few days. While from a portfolio risk I won't be allocating more to IXR at this stage we are happy to hold rather than sell even though we are

I think the range is probably more in the 3c to 6c range in terms of upside once the full drilling results and preliminary scoping study are released in the next few months.