key turning in a big way, page-7

I doubt that they two companies would ever merge, I certainly hope not. Id prefer KEY to go it alone and as EGO says, they are concentrating on the Perth Basin and their currnet assets, they dont have the time for the Canning.

Chef747, I hope you do well out of EGO, But Im comfortable with my money in KEY at this very early stage of the Canning story. Below are a few figures highlighting just how cheap KEY is compared to the other Canning players. And before the nah sayers jump down my throat, I know Buru and NSE are further along the exploration stages.

BRU @ $3.20 per share

Shares 251,007,144
Options 13,851,000
Total 264,858,144
MC
$847,546,061
$52M Cash

EV $795,546,061
9M acres
$88.38/acre


NSE@ 53.5 cents per share


Shares 305,022,751
Options 12,200,000
Total 317,222,751
MC
$169,714,172
$25.4M Cash
$48M Investments


EV 96,314,172
2.75M acres
$35.02/acre


KEY @ 3.9 cents per share


Shares 308,072,707
MC
$12,014,836
$1.44M Cash


EV 10,574,836
3,227,690
$3.28/acre

These figures are based on current quarterlies and latest captal raisings and expenditure.

Lets see if KEY is still valued at 3.20ish an acre once the July drilling begins and Buru start Cyrene1. These figures are supplied by someone much more knowledgable than I. DYOR

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