I posted this on another thread. The $5 valuation is very conservative. The report gave a valuation of A$5.00 on ASX.RLT assuming 25% of the 1C Contingent Resources of He. The 1C figure is only 7.95Bcf which means they have assumed RLT will find 1.98Bcf. RLT's 1U P90 prediction is 32.54Bcf. 16 times larger than the assumed find. That would give a valuation of $80 per share.
Ann: PHASE 2 VIRGINIA GAS PROJECT STUDIES UNDERWAY, page-7
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Last
71.0¢ |
Change
-0.025(3.40%) |
Mkt cap ! $21.53M | |||
| Open | High | Low | Value | Volume |
| 74.5¢ | 74.5¢ | 70.0¢ | $93.15K | 129.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 663 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.5¢ | 3000 | 1 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| RLT (ASX) Chart |