The Co had 15cps cash ($20m) as at 31 March so a complete no-brainer here ... as this well is costing less than 2cps to drill ...imo. At these levels you are buying a cash-backed exploration Co with massive targets and effectively the Willaroo-1 drill free!!
Expecting spud announcement today....imo.
SALTY
second consecutive close above twelve and half, page-3
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