surely just using p/GJ valuations is far too simple... i know its one method of valuation, but its far too basic by itself....
isnt that like saying companies who have the same JORC'd resource should be the same value...
doesnt take account of
flow rates
impurities
how deep/inaccessible the gas is
the infrastructure nearby
who has done the estimates
track record / experience of the company in extracting reserves
heaps of other factors
dont get me wrong i love the ORG announcement, but lets not get carried away with 92% upside...
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