whno - a buy transaction at last, page-6

Yep, if all plan goes well, i.e. we have positive confirmation from NSAI and successful farm-out with a major, the heads could easily hit above 20c, which essentially making WHNO trading at minimum 12.5-13c.

I had a rough calculation which I conservatively estimate that only 1% of this prospective resources become 'oil in place' and then 40% recoverable, then assuming WHN farm out 70% retaining 30%, discounting the current oil price at half price to $40 per barrels, still coming to 21.8 cents for the heads.
http://hotcopper.com.au/post_single.asp?fid=1&tid=1563523&msgid=8952438

And these two events are very likely to happen by 2011, well before the expiry dates, so potentially we are looking at a 4-5 bagger for the heads and 8-9 bagger for the oppies.

looks pretty good.