True, or you could say it is worth whatever a potential buyer
would pay to acquire its net assets. Similarly, you could say
its worth is equal to the value of future cash flow estimates based on production projections.
The question is really how long will you wait for this to
pay off, and what is the likelihood that the goals I mentioned before will be reached.
In any case, I'm with you -- holding and waiting to see it play out.
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