seems mr mkt is indifferent to the unit 1B numbers - not surprised, also didnt like the delay in drilling (almost 2 weeks for 75m), and agree with @Smiteoff - looks like MAY is our month as I predicted many months ago.
What mr mkt hasnt priced is this:
so, assuming 5k p/d upper sheet + 40k p/d lower sheets = 45k boE p/d = 16.4 MILLION PER YEAR.
30% = ~5MMbbl NET TO MAY each year
for comparison:
KAR (MKT CAP AUD $1.7BN) PRODUCES 7MMBBL PER YEAR with only 152MMBL IN 1P+2P+3P NET RESERVES....
BPT (AUD $4BN MKT CAP):
rough valuation:
1) BASED ON KAR: 5/7 * $1.7bn mkt cap = $1.2bn MAY MKT CAP
2) BASED ON BPT: 5/20 * $4bn mkt cap = $1bn MAY MKT CAP
AVG = $1.1BN MKT CAP
and there you have it folks....the prized ~$1bn mkt valuation.....!
- Forums
- ASX - By Stock
- MAY
- Ann: Block 9 - Maiden Contingent Resources
Ann: Block 9 - Maiden Contingent Resources, page-176
-
- There are more pages in this discussion • 278 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAY (ASX) to my watchlist
|
|||||
Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $74.14M |
Open | High | Low | Value | Volume |
2.1¢ | 2.3¢ | 2.1¢ | $83.54K | 3.758M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 2111220 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 1145000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 2111220 | 0.021 |
27 | 4426419 | 0.020 |
6 | 1479920 | 0.019 |
4 | 677480 | 0.018 |
3 | 3030005 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 1145000 | 3 |
0.024 | 1416395 | 6 |
0.025 | 1289441 | 6 |
0.026 | 715955 | 4 |
0.027 | 100000 | 1 |
Last trade - 14.52pm 15/08/2024 (20 minute delay) ? |
Featured News
MAY (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online