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14,981 Posts.
51
14/11/06
13:00
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re: a solid foundation
who knows for sure, but prob right
But this was posted by drivel this morning
Minimimum guestimate is:
50BCF ~ 1 to 1.50 per share
1TCF = 1000BCF ~ 20 - 30 per share
Don't know how accurate it is, but on GDN website they have something similar which was very good info from memory - I can't seem to find it now
So it is good in that it gives you a guide to what it "could" be worth, depending on how much they find
BUT - I think it is safe to say it is already commercial.
So does that mean it should already be over $1?
All these numbers were pre costs of course, but sounds good to me, and is well worth a punt!
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