Auto I reckon its not a bad punt if you get in at 4-4.5cps. Doubt it will drop below 4cps between now and the recommencement of drilling and production.
GS is the expert on ITC and sticks to the facts pretty well (at least the facts according to ITC).
I'm a bit skeptical on ITC's reserves predictions because of their track record of over promising and under delivering. Also mindful that although drilling/production is expected to resume around year end, this is also the start of the wet season, so there could be further weather related delays.
ITC Price at posting:
4.7¢ Sentiment: None Disclosure: Not Held
