PV1 4.55% 2.1¢ provaris energy ltd

Ann: Launch of Compressed Hydrogen Ship, page-227

  1. 286 Posts.
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    I don't put a huge amount of weight on these reports - but they do prompt some fresh thinking - and it's always interesting to see someone try and put some numbers up for a spec stock such as this (and gives a hint to what management think the SP should / could be - given they pay for these things).

    12 month target SP of $0.27 (risked)

    Unrisked $/share for first CNG project is $0.22 - which is lower than what I expected. But the model they're working on does suggest that once one project is up - additional projects would follow more readily (proof of concept etc etc) - and they suggest $0.35c / share for a further CNG project.

    If all the ducks lined up nicely - and C-H2 project(s) became viable...this could get very interesting very quickly.

    https://hotcopper.com.au/data/attachments/3114/3114446-0e740d645737287df2f662971df3c077.jpg

 
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