collarinis report will be very interesting. Morgans put a value...

collarinis report will be very interesting. Morgans put a value of 32c per share on SM6 which had 2P of 5.8 mill barrels net to BYE. Back then oil was $43 USD. Just say you apply that ratio up to $51 USD -

So say there is 2.9 mill barrels net to BYE - SM71 would be 17-18c + just for that one well (more than our entire current MC)

at 5.8 mill barrel net to BYE - it would be around 35-36c

A lot of assumptions there , quick calc assuming the collarini reserve report comes back in similar ranges and I haven't taken further dilution into account since that report but the point is , it does show the upside.

That excludes all other leases and Bivouac peak has prospective resource of 8mill + barrels net to BYE according to the same report which isn't far away of drilling!