Correct me if I'm wrong, but are you using $2/GJ value in ground for 2P reserves???
Most companies would kill for that sort of value, which may have been acheived in the peak of the CSG boom.
A more sober value might be $0.50 to $1 per GJ for undeveloped 2P, which is more in keeping with current market numbers. It is still an uplift from here, but not to the levels you are suggesting.
Happy to talk re this.
AL
LCK Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
