Smart, we know we are targeting 1 billion barrels with 300 mill recoverable. For the moment, let's forget about this 4 bill barrels noise, because that's all it is for now until proven otherwise.
20% of 300mill is 60mill net to RMP. At a reasonable $4-$5 per barrel that would still value RMP at over $1 per share. If you add to this Georgia and Shabell North which both will be worked on this year then this could easily go to $2-$4 or more.
Given the above, once again, how can you say the share price is over valued? Yes, if we hit a duster in S1 and more granite in Georgia I totally agree, but until we know the results stop spinning all this valuation crap. Let's not forget that S1 already has a proven working petroleum system before we even reached the primary and secondary targets.
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $17.25M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.7¢ | $40.68K | 2.325M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5557 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 239383 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5557 | 0.017 |
5 | 873974 | 0.016 |
3 | 649003 | 0.015 |
3 | 213500 | 0.014 |
1 | 41833 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 239383 | 2 |
0.019 | 2176807 | 4 |
0.020 | 308347 | 4 |
0.021 | 1073849 | 2 |
0.022 | 1005413 | 5 |
Last trade - 16.10pm 17/09/2025 (20 minute delay) ? |
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