There's a lot of blue sky factored into BYE's sp for the yet to be drilled prospective resources in other permits. Looks relatively expensive to me too, but the stock remains consistently well bid around current levels so there you go.
Does Strachan have a corresponding valuation for OEL, which holds the other 40.625% NRI ?
BYE Price at posting:
42.0¢ Sentiment: None Disclosure: Not Held