0.5c per share dividend, page-109

16 dollars worth of SHE Sold at 0.015.
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Stone horse energy is holding liquid assets 18% above its Market Cap.
and its fair value is near 3 times if current price
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		31/03/2023	31/05/2023
1	BRK Shares share price	0.012	0.015
2	Value of BRK shares	630,000	787,500
3	Cash in bank at 31/3/2023	10,580,000
4	Income 31/3/2023 to date of this post(today)		798,904
5	Estimated cash in bank		11,378,904
6	EstimateCash +liquid BRK shares		12,166,404
7
8	# shares	684,435,083
9	share price as atpost date (today)		0.015
10	Market Cap		10,266,526
11	Liquid assets (Estimated Cash + BRK shares)		12,166,404
12	Enterprise Value EV=(Market Cap -Liquid assets)		1,899,878
13	Enterprise value EV /Market Cap		18.5%
14	Liquid Assets / Num Shares		0.0178
15
16	Now Add in James7821share price adjustments of 0.004 AUD per point of P/E		Fair Value Estimate AUD$	% increase current onshare price
17	Brookside Energy P/E= 5.0* P/E, Add 5.0*.4cent	=0.0176+5*0.004	0.038	152%
18	Calima EnergyP/E=2.7*, Add2.7 * 0.4 cents	=0.0176+2.7*0.004	0.029	91%
19	Sagilio Energy P/E=8.5,Add 8.5*0.4 cents	=0.0176+8.5*0.004	0.052	245%
20	Fitzroy River 22.3 P/E = 22.3 , Add 22.3 *0.4 cents	=0.0176+22.3*0.004	0.107	613%
21	Industry averageP/E= 13.4*, Add 13.4 *0.4 Cents	=0.0176+13.4*0.004	0.071	376%
22
23	Add$0.003 per share if including tax loss carried forard .
24	UnUtilized Tax Losses Carried forward 7,571,032@25%		1,892,758
25	UnUtilized Tax Losses Carried forward per share		0.003	18%

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