You sound like an informed poster. So I'm interested in what your valuation is for STX given your sell sentiment. Eg. What is your assumed recoverable reserves for WE and Walyering, and what is your assumed value for those gas? Obviously you have discounted OH and SE (inc SE1) to zero.
Also, column thickness is just one of many factors in determining recoverable volumes and commerciality. SE1 Kingia had 16m net pay and flowed c.80mmCFpd. WE2 High Cliff might have a 10m net column but I very much doubt it will flow anywhere near half that rate. The compression of Kingia sands south of WE is pretty consistent and well documented. Look at Waitsia and Trigg.
618
Analyst Notes and Price Targets, page-247
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $659.0M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.8¢ | 23.0¢ | $3.083M | 12.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 825367 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 303948 | 5 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| STX (ASX) Chart |