IVZ 2.90% 6.7¢ invictus energy ltd

I think there is an error in your calculations. Mscf or mcf...

  1. 665 Posts.
    lightbulb Created with Sketch. 316
    I think there is an error in your calculations. Mscf or mcf means a thousand cubic feet not a million. So scaling up to 10 bcf per TCF means it's worth a lot more. According to your price estimate, 10 bcf should be worth 25 billion dollars (and incredible $A 12.50 per share based on 2 Bn shares for each Tcf).

    The price estimate I found was different from yours - USD 375/mcf has recently increased to USD 800/mcf. Converting to AUD is about 1200/mcf so that would mean each 1% per TCF is worth about AUD 6 per share and therefore 0.1% helium per Tcf is worth about 60c. Please correct me if I'm wrong.
 
watchlist Created with Sketch. Add IVZ (ASX) to my watchlist
(20min delay)
Last
6.7¢
Change
-0.002(2.90%)
Mkt cap ! $94.99M
Open High Low Value Volume
6.8¢ 7.0¢ 6.7¢ $101.4K 1.486M

Buyers (Bids)

No. Vol. Price($)
9 506473 6.7¢
 

Sellers (Offers)

Price($) Vol. No.
6.8¢ 34903 2
View Market Depth
Last trade - 16.10pm 28/05/2024 (20 minute delay) ?
Last
6.8¢
  Change
-0.002 ( 0.00 %)
Open High Low Volume
6.8¢ 7.0¢ 6.8¢ 731422
Last updated 14.42pm 28/05/2024 ?
IVZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.