At around 12c, WGO was trading on 4.27/2P BOe and 3.78/3P BOe. It was eventually taken out at 12.71/2P BOe (or just over 2/GJ) and 10.48/3P BOe. Currently, STX is trading at 9.86/2P BOe (assuming SE has 2P of 100PJ after reserve review) and 5.22/3P BOe (factoring in 300PJ for OH). So I wouldn't say STX is as cheap now as WGO was back then.
That being said, the onus is on STX to prove up OH (biggest value add) and add incremental 2P gains via ED1 and W7. ED1 and W7 success will add quite a lot of value even without OH.
618
Ann: Exploration Update, page-85
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $501.4M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.0¢ | $1.170M | 6.732M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 1634397 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 617607 | 7 |
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| STX (ASX) Chart |