lets assume the flow rate is 5 mmcf, (at $US 7.50 / cf = $ 7500 US per 1 mmcf or $ AUD 8825 per mmcf), what value would you put on the stock (leaving uranium aside for the moment)
tps4 made some valuations however i dont recall the basis for them
income flow at 5 mmcf = $ AUD 44125 per day, $ AUD 16 mill per year .... current market cap at 37 cents is @ 65 million - 5 mmcf would give income of 25% of the current market cap .. plus upside with a second well .... and $ 8.5 million in the bank from oppies exercise ...
maybe it might be useful to start focusing on the numbers before flow rates are announced ...
so ill get 2 valuations out of the way now: sue , its not worth a cracker, andrewe (who is also sue) 3 cents .. anyone else ??
GDN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
