Every 1c drop in the $AU adds $2.2mil to the value of this...

Every 1c drop in the $AU adds $2.2mil to the value of this deal!!!!


If the $AU gets back to 80c US that will add $55mil to the value of the drilling alone not to mention the land value.

Finally the strategy of buying cheap offshore risk assets with the massively overvalued $AU seems about to be rewarded big time!

With anyluck the $AU will return to its longer run value of about 70c and profits here will be truly majestic.

TSV have anned the deal is close, breakup must be pretty much done in Canada, licking my lips at the prospect of the 1 well a month drilling thats about to commence.