Hmmm $68K per acre seems very high. I guess AUT have done their sums as they have been drilling away in the EFS for a while now.
According to my calculator if we achieve a sale price of $68,000 per acre we would have a cash pile of $489,328,000.00.
A tidy sum for a company with a market cap of 90 million.
The market could quite conceivably respond to a sale announcement in this price range quite favourably.
Hmmm $68K per acre seems very high. I guess AUT have done their...
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