Wilson's 2.5c on good results is a very reasonable estimate. If ADX deliver it is game on for VIL.
My reasoning:
ADX are quoted as stating a 51 million barrel median reservoir and XST are quoted as saying recovery rates vary between 15% and 45%.
So for example using a conservative 25% recovery on 51 million barrels VIL's share would be 1,275,000 barrels.
Oil is $100 a barrel.
That is 127.5 million dollars in potential revenue for VIL on a relatively conservative estimate. That is 19.6 times the current market cap. Or about 10c
Of coarse the revenue would be a while off but SD would then be an asset that could be partially sold off or used to leverage further development of the prospect and FP too.
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