could this fall even on a discovery?, page-7

  1. 1,693 Posts.
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    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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2.0¢
Change
0.002(11.1%)
Mkt cap ! $19.16M
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1.9¢ 2.0¢ 1.7¢ $63.28K 3.549M

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4 783304 1.7¢
 

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Last trade - 16.10pm 16/07/2025 (20 minute delay) ?
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