20c short term, page-300

The SP would fly as soon as a partner is announced, x3 at least.

Even at a 40 million market cap it would be well underpriced based on the cash it would generate.

1) Existing infrastructure right next door.
2) Winter in the Northern hemisphere (gas spot price should increase)
3) Iran sanctions (early November)
4) Chinas LNG imports up 30+%
5) Positioned right next to the big boys (beach petroleum etc.)
6) Australian company operating in Australia (no currency,political risk or corruption etc)

It would be a real shame if the company got taken over by someone before the project could even commence.

Why wouldn't you want to be in IPB??

GLTAH
DYOR