SGC 0.00% 0.4¢ sacgasco limited

Big Ga$$$$$$$, page-514

  1. 974 Posts.
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    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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