BNL $1, page-4

Its actually not that crazy a prediction...

3-5 well drilling program = 3-5 successful wells ~ 6-8BCF Helium recoverable

If a BCF is worth circa $300mill USD recoverable helium

6 x $300mill USD = 1.8Bill USD or $2.3 Bill AUD

Now i estimate a fully developed prospect will produce Circa $40m-$50mill EBITDA per annum USD for 10 yrs (Capex payback 3-4month)

3 fully developed prospects = $120mill - $150mill per annum USD or ~ 180-190mill AUD EDITDA per annum

now the million dollar question?? what multiple do we put on such a project??? even a conservative 5X is a circa $1bill market cap or 0.80c a share

I'd argue that if the first 3-5 prospects are all successful (remember we are talk the dream case here) a multiple closer to 10X is warranted..

We can all do the maths

Hmmm 0.045c seems attractive or is it just me

DYOR