If you are wanting to see what the LT holders think take the time to scroll back through DanPech, Peto2810, Chilledpain and my posts (I am glad to see you like my charts ).
They have taken the time to uncover solid information and I have immense confidence in the research these guys have posted
I am not in this for pips as after 5 years in this stock I know what the end game is. That is getting the land BRK have developed. I have talked to a number of the other larger LTH and they are all of the same view.
The research that has been posted has been very consistent on this. Based on current and future drilling plans 10cps in the next few months is very feasible and IMO around fair value.
As management start recycling capital into drilling more wells the. who knows where the price will go. It will go higher however.
For 10cps the maths is simple. BRK have 11Mboe undeveloped reserves. The amount they will currently receive per undeveloped Boe is US$15 therefore 11Mboe x US$15 is AU$240 million or around 10cps.
The upside potential is huge if you have the patience.
10c club, page-16
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.27M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $36.21K | 3.017M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 203221 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 28141377 | 36 |
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| Last trade - 11.55am 26/07/2024 (20 minute delay) ? |
| BRK (ASX) Chart |