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3.85%

5.0¢ elixir energy limited

2021 prediction thread, page-382

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zedcorp

2,214 Posts.

334

07/03/21

10:52

Post #: 51579287
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Originally posted by zedcorp: ↑

looking back on the K1 research dated DEC 2020

ERC Equipoise has updated its independent review of Elixir’s prospective
resources, lifting the mid-case risked estimate (2U) by 92% to 14.6 tcf (prev.
7.6 tcf). The increase recognizes greater gas in place and higher geological
chance of success (30% vs. 19% prev.), based on recent drilling. Results from
the two core holes indicate high gas content (8.6-8.9 m3/t DAF) and fully
saturated coals, indicating good CBM potential. With cash at bank and in the-money options due by end December Elixir is funded to continue
exploration and appraisal in the new year. We value Elixir at $0.29/sh (prev.
$0.27), with a range from $0.11-0.52/sh, depending on resource outcomesWe are currently sitting @ 27 cents with a range of up to 52 cents depending resource outcome,
Are K1 talking about Contingent res outcome? we will find out soon.

Expand

the high of 52 cents is based on this.

Price catalysts: Contingent resource assessment; commencement of pilot
program and well performance results; Nomgon project area extensional
drilling; expansion of exploration drilling to other sub-basins

All this is happening over the next six to eight months.
hang onto your shares. lots of upside to come

Last edited by zedcorp: 07/03/21

EXR Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
18 Upvote

0 Great analysis

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(20min delay)
Last 5.0¢		Change -0.002(3.85%)		Mkt cap ! $59.84M

Open	High	Low	Value	Volume
5.2¢	5.2¢	5.0¢	$400.1K	7.933M

Buyers (Bids)

No.	Vol.	Price($)
2	30647	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.1¢	489305	1

View Market Depth

No.	Vol.	Price($)
2	30647	0.050
8	799447	0.049
8	335930	0.048
4	413850	0.047
1	21630	0.046

Price($)	Vol.	No.
0.051	489305	1
0.052	304753	4
0.053	470514	5
0.054	107750	3
0.055	300000	2

Last trade - 16.10pm 14/11/2024 (20 minute delay)

EXR (ASX) Chart