A few quick sums:
Resource = 38.8 million barrels (risk-weighted)
% to BAS - 20%
Resource to BAS = 38.8 * 20% = 7.76 mbol
Note that the latest benchmark price for bass straight reserves is about $30/barrel.
So if this proves up the MC of the company should be about
$30 * 7.76m = $232m, which is almost fifteen times the current MC, based on the RISK-WEIGHTED resource (ie the amount they would expect on average allowing for the chance that this could be larger, smaller, or dry). In my books this is a pretty good bet.
This has potential to be anything from a 0.5 to a 50 bagger!
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10.5¢ |
Change
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Mkt cap ! $30.49M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 10.0¢ | $83.57K | 786.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 22410 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 57473 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 22410 | 0.105 |
3 | 162850 | 0.100 |
1 | 25000 | 0.097 |
1 | 1 | 0.096 |
1 | 55555 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 57473 | 1 |
0.115 | 393094 | 6 |
0.120 | 220164 | 6 |
0.125 | 79666 | 4 |
0.130 | 424005 | 2 |
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