Tis tricky to work out a real valuation for SER without any...

Tis tricky to work out a real valuation for SER without any indication of the likely float price of our latest spin-off and what it will stabilise at after it lists on the ASX. Especially as management hasn't given any guidance in this respect. Indeed will MM even preside over SER in the future or move onto the grapheme front? Another big question is the role of AR, given his lead role on the exploration front in the past. And indeed the future exploration potential and interest in current leases. AR got in hot water in the Eagle Bay days for over-spruiking the copper potential of the Myall Creek lease, but I've always felt that he made the comments on the basis of his own commitment to that exploration and knowledge, and to a degree that is borne out by his ongoing shareholding in SER and in Kingston Resources, which was initially set-up to further exploration funding for Cultana and Myall Creek. While the Falcon derived geophysics targets at Cultana proved to be duds, surely the original copper hits at Myall Creek are an indication of the prospect of that area that doesn't seem to have been adequately addressed by SER or Kingston's drilling to date or reporting. The reporting was very delayed and understated, and didn't in any way address or build on the original reports and excitement that got AR into trouble in the first place. I can understand them not wanting to revisit that painful past, but it would be really informative to be told if there was still potential there or if AR and others had decided the JV drilling there was sufficient to put that early claim to rest. Presumably Kingston is out of cash so we have to wait till the JV expires and ownership reverts to SER, but it would be good to have some indication if SER intends to continue work there so we can add these leases in/out of a current valuation of SERs worth. Meanwhile hoping the upcoming SA Govt drilling adjacent to there provides useful information to add to this question, and royalties from VXL etc will help fund future progress on all of this!