Island Gas Resources ( UK EPIC code IGAS) has just started CBM production in England. Quoted on AIM market
Gas Resource (contingent) is 571bn cubic fee.
Current value (65p per share)= £44million (say A$90 million)
UK brokers Daniel Stewart and Cenkos value shares based on commercialising contingent resources at £1.04 to £1.18p
This would be worth approx A$170 million.
So 8500bn cubic feet contingnet would be worth 14.9 * A$90 million = A$1,341million.
EPG slightly undervalued?
Regards,
ReadingMan
- Forums
- ASX - By Stock
- EPG
- epg undervalued according to uk aim market?
epg undervalued according to uk aim market?
-
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)