Morning SGC family,
I'd like to focus on the following line as written by Peter Strachan on 19 September 2018. Contain within the article link attached.
"Even a 35 BCF discovery is estimated to underpin the companies market capitalisation of just 7 million".
At the time of writing SGC's project interest was 36% and the gas price quoted in the table was $1.00.
Fast foward to today..
SGC's project interest is 67% (almost doubled) and a price of gas is north of $3.00 US, (more than tripled).
It's very easy to equate a market capitalisation far in excess of todays market cap even with a modest 35 bcf discovery.
I'd be very interested to here your thought's.
And I've not even touched on the oil assets or other gas assets, we all hold.
Have a great day.
Lion64 (Go Lions)
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