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.
Actually, STX have already contracted 100 PJ to Wesfarmers at...
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Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $643.6M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 21.5¢ | $3.339M | 14.95M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 337869 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 1651352 | 24 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| STX (ASX) Chart |