"Very interesting, that equates to about $71 per ton or $14 per barrel profit.
If you do the calcs on CTP's coal, ~3 Billion tons and extrapolate that out, it gives you; 1.5 barrels of oil per ton X 3000,000,000 = 4,500,000,000 barrels.
which equates to 950,000,000 tons of oil
X $71 = $7,800,000,000
.... hope my calcs are fairly accurate, ... what's a few noughts here or there? :)
RAVI"
Ahh, 300 Billion, not 3 Billion above 1000m. And that's probable JORC. 300 billion has 11 zero's.
There could be 1 Trillion,
Lets base it on 300 Billion.
Therefore
That equates to about $71 per ton or $9.85 per barrel profit.(Seems very low.Chinese are renown for not showing too much profit so as not to pay tax. In Australia I believe we would see with current oil prices around $40 to $50 per barrel profit IMO) Lets base it on $71 per ton(approx $9.85 barrel)
1.5 barrels of oil per ton X 300,000,000,000 = 450,000,000,000 barrels.
138.8 kg = barrel of oil
62,460,000,000,000 kg
which equates to 62,460,000,000 tons of oil
X $71 = $4,434,660,000,000
That's approx $4.4 Trillion Dollars !!!!!!!
(The US Gov owes more than $14 Trillion in Fiat Money)
Divide that by 1 billion CTP shares(lets base the US & AU dollar at Parity)
= $4,434.66 per share in value if it was all to be mined today.
I would normally work it out on a 30 year to suck it all out but lets base it on 100 years.
Therefore,
$4,434.66 / 100
$44.35 per year return per share x PE of 20
Valuation = $887.00 per share
For 300 years to extract the coal and convert to oil,
$4,434.66 / 300
$14.78 per year return per share x PE of 20
Valuation = $295.64 per share today
Question is, can we produce 1.5 billion barrels a year for 300 years ??
Probably not. Sassol produces 54.75 million Barrels a year in South Africa via CTL which is 3.65% of 1.5 billion Barrels.
Therefore 3.65% of $295.64 share price is $10.79 per share.
I'll take that !!!.
We could probably get another $50 bucks per share selling to another 4 or 5 outfits to set up shop on our acreage.
Or Sassol could set up 5 of their South African projects here. 1 of them could be all ours.
