Discovery is a given and based off estimates a 10-20 TCF resource coming up which based off the following calculations:
1 TCF risked is equal to $250 million market cap
10 TCF risked is a 2.5 billion market cap
20 TCF risked is a 5 billion market cap
So again will land somewhere between $2.40-$4. Bought more today and still going north of 40 cents. The above valuation prices nothing for the rest of the basin
Ann: Mukuyu-2 Drilling Update, page-235
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Mkt cap ! $104.6M | |||
| Open | High | Low | Value | Volume |
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