AWE we’re taken out for 600m which in hindsight was cheap. I would think that asset would sell for closer to $1b in today’s market.
Waitsia (which AWE had 50%) was ~85% of the valuation there.
West Erregulla now has a prospective resource that is larger than Waitsia.
My guess would be somewhere between 800m-1bil. And that is without the UIL tenements which STX has bought for the nearology associated with a positive WE appraisal. They believe there are several similar targets in those tenements too.
IMO
AWE we’re taken out for 600m which in hindsight was cheap. I...
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