Rough back of envelope calc scenario:
- 1 tcf GIP (gas in place) = $1 billion AUD, that's in the ground- not sales gas.
- We have 1.25-ish billion shares on issue.
- Grandis gets a 2P booked proven resource of say 3tcf for arguments sake (Proven- not merely Contingent....which will take a while to eventuate of course)
- 3/1.25
- $2.40 a share
- Could happen...would be nice, might be a bit OTT though, but I'm an optimist.
DYOR
**Didn't purposefully plan for that $2.40 result to happen - lol...if you know, you know
Ann: Investor Webinar Presentation, page-46
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