Henry Hub price of 1 MMBTU is approximately $4
1 MMcf = 1000 MMBTU
P90: 16.7 bcf = 16 MMBTU = $67 million
P50: 60.4 bcf = 60.4 MMBTU = $214 million
P10: 212 bcf = 212 MMBTU = $ 848 million (great0
The market cap is $20 million. This is a joke.
I am sure poster will question the henry hub price, cost of extraction etc. But please note after allowing for all this the current valuation is still very low. The roadshow may clear this and open investor's eyes.
Also note that these results are based on very little drilling and the upside is exponential. I do hope the options are in the money, as production and further drilling can continue and reap rewards for holders.
If not, more shares will have to be issued and low prices and liquidity is the main problem of GDN, to exploit and sell the reserves.
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