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5,936 Posts.
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02/07/10
13:50
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Welcome aboard Debono! Just ran some 'highside' numbers from the resource estimates provided on page 13 of the preso. (just for a laugh).
893bcf x $5m/bcf igv = $4.46b
220boe x $10/bbl igv = $2.20b
Total $6.66b or $22 per share based on fully diluted 300m shares on issue post cap raising!
Then there is Ghana and the (imo) much underrated WA399.
Of course I would settle for 10% of the $22/share 'valuation' above lol but really spells out the potential upside here (as noted by the incoming MD).
Raks , good to have you here Sheriff, hate to see any downrampers spoil the party here lol
DYOR
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