re: Ann: Litigation commenced concerning term... stayer,
Yup, it's always interesting to see the different viewpoints of the pros! I too got in sub 20c.
Strachan based his numbers on 'wellhead value', which is net of transport etc., as that's what state royalty payments are based on. He rates the stock at ~$1 for Ungani and a small Yullero development, and ~$5 if resources approach what Buru reckons the full potential is. If the courts find that the royalties should be gross, then he reckons he'd boost both those valuations by 20-30%.
So at a current sp of 35-40c - I'm not overly worried..! :)
re: Ann: Litigation commenced concerning term... stayer,Yup,...
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