Validating ~$11M MC NOW, page-65

Cash backing is 0.8c

IMO it'll continue to drift to this level & it's what I said from the day the duster was announced

The Asx price has finally converged to the U.K. Price. UK .6p is c. 1.1c AUD

No prospect of drilling for another 9 mths (Alaskan Winter)

Also, drilling will need a fresh CR bc the last well cost them 8m, so safe to assume the same for the next. Unless they farm out some of their working / economic interest.