I think the real question we need to ask ourselves, is how frequently do we envisage getting updates from the company after we commence flaring? What I really care about is the quality of the gas!! We just don’t have a real indication yet! But here’s where I’m scratching my head… is there any real chance that our gas is worth < $0.90/GJ????? Seriously.. I just don’t see it happening.
This being the case, we know LCK has 2,963.9 PG which gives us an indicative market cap of $2,667,519,000. This takes us north of $6 assuming our current market cap hovers around 100 mil. For disclosure though, I have played around with these figures both marginally and substantially and the range of ‘end results’ is almost laughable… so while I don’t think it’s a great idea to give indicative final prices, it purely demonstrates the sheer size of resource we are dealing with here.
I think what a lot of people have then been forgetting are the associated costs with harnessing this type of resource. A large scale production plant will not be inexpensive. So, at what point do we start a real bull run? Two weeks into flaring, 1 month, or do you think we will have to wait the duration of the 60-90 day testing period? I would be interested to see what people think, because this is what we really care about… flaring gas is what we have all expected.. quality of gas however - extremely important. Regardless, I will be treating myself to a B&E roll in the morning after we get our announcement! Cheers, Salty
.
- Forums
- ASX - By Stock
- NRZ
- Ann: Voluntary Suspension
Ann: Voluntary Suspension, page-22
-
-
- There are more pages in this discussion • 25 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 NRZ (ASX) to my watchlist
|
|||||
Last
0.8¢ |
Change
-0.001(6.25%) |
Mkt cap ! $14.26M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $1.52K | 207.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 4949910 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 1881635 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 4949910 | 0.007 |
5 | 2010666 | 0.006 |
7 | 3573510 | 0.005 |
3 | 3126250 | 0.004 |
4 | 11333333 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 1881635 | 7 |
0.009 | 2520527 | 5 |
0.010 | 606090 | 4 |
0.011 | 461111 | 3 |
0.012 | 166666 | 1 |
Last trade - 14.24pm 17/07/2024 (20 minute delay) ? |
Featured News
NRZ (ASX) Chart |