re: all aboard .. In reply to your question learch, if ARQ found 100 million barrels of oil and had 100% of it then working on just 20% of the in ground value added to ARQ's market capitalisation, it would increase ARQ's market capitalisation by approximately $1.5 billion.
So a one billion barrels oil discovery would add $15 billion to ARQ's market capitalisation. With ARQ only capitalised at around $300 million now, that would mean an increase in share price by about 50 times!!
Some time ago I posted that the market does not seem to understand what serious success in the Canning Basin could mean for ARQ and that it has the potential to make ARQ a billion dollar company.
Even moderate success in the Canning Basin does not appear to be priced into the ARQ share price.
If this was the Canning Basin Uranium Province, ARQ would be many, many dollars right now!
all aboard, page-3
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