BOOM 150million (much higher than the 120m previous indication)
150m bboe x $80/barrel current prices = $12billion revenue
20% interest in the project = $2.4 billion revenue
let's assume 50% production cost = $1.2billion gross margin
less $45m project cost
Still over $ 1billion of value left.
$10m market cap currently, wouldn't be surprised if we hit $100m or 10c in the short term, then as the project progresses, further upside to the $1 billion valuation
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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47 | 189161040 | 0.001 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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0.004 | 13220820 | 11 |
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