Rubbish. Even without the energy side we are basically valued at scrap value no? what is our NAV? We have no built in forward looking value in regards to our expanding production.
Agree theres no energy side built in too, but i dont think we have any upsides built in to anything.
I mean, if Dave is to be taken at his word (no reason to not believe him) then that's a lot of sellers to fill that order (especially as we haven't actually risen in price)