Actually, STX have already contracted 100 PJ to Wesfarmers at apparently marginal profitability based on the $5M WES paid to option it at the then low prevailing market price -> NPV = $0. So currently only 50 PJ available for 3rd parties. STX is waaaaaaaaaay overvalued. Even at a high $1/GJ NPV (??) -> $50M NPV + risked exploration upside. Haber is a pipe-dream at this point. Geothermal economics are undemonstrated. Around $100M market cap would be more reasonable unless STX want to talk about the economics of the WES deal? I doubt it.
NWE probably have more net gas and better upside based on the LD1 discovery release information to compare market caps and Perth Basin players.
Ann: Strike delivers maiden Perth Basin gas reserve, page-51
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $572.1M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.3¢ | 19.5¢ | $1.138M | 5.714M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 1354940 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 1925583 | 11 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| STX (ASX) Chart |