tas owns 47% of ede, page-5

Peetey, no doubt Vulcan is why most would have put $ into TAS. The sheer upside on a successful drill would be a company changer.

The EDE holding was never of significant value nor promoted imo. Even EDE never really pushed their PEL's in past presentations. ie this is as left field as it gets.

TAS is really the only co the market hasn't joined the dots on. Also reckon its the best leverage play into PEL183,240 for reasons stated previously. Mngmt will keep a straight bat imo while the Rio JV takes centre stage.

Cant take away the fact though today there's roughly a $10m balance sheet asset to add into any TAS valuation imo. Obviously this will change as the LNC hype loses or gathers steam. imo the market cannot discount the 47% EDE holding any longer, especially if any of these acreage values being thrown around become a realty.