General chit chat thread., page-3283

EXR valued between 27c and 35c based on the Arrowhead Due Dilligence report (disclaimer, paid for by EXR).
Based on our current .395 TCF 2C numbers, we are valued at $390M.

The formula used to value is based on the average EV/Contingent resource value of our peers.

That means if we increase our 2C to let's say 2 TCF, our fair value will hover around $2B, or $1.7/share.

BUT "Fair Value" doesn't mean the Shareprice will reflect this accurately because there are some strong outliers here.
By this metric, Beach Energy is 3.9 x overvalued compared with the average and Blue Energy dramatically undervalued (1.6 TCF vs. $28M market cap). It goes to show that there are obviously other factors that are at play for these companies, so we can't just look at these numbers only.

It does however, gives a good indication of the SP appreciation potential!