3c is market cap of $12M... plus $8M debt, minus $2M cash. So at 3c EV is $18m AUD. They are already at $11M AUD annual revenue.... plus a well recompletion next month, could see Annual Revenue at around $14-$15m.
Pretty safe buying at 3c IMHO. Even better is E2EO 2c options currently trading at 0.5c. They should be at least double the price.
