Exploration licences are assets bro.
And the cannington basin is undergoing a black gold rush.
IN addition to that they have :
20% rights to OBL's oil wells
Intellectual property.
Company shell that is ASX listed.
Cash in the Bank.
5.38mil in Grant Funding.
I added up these figures and more and the company is trading ABOVE liquidation value.
Its the truth sir.
changing buy/sell spread., page-7
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