Fallguy
Your calculations are I'm afraid a bit dodgy - as far as I can make out there are 120 million shares (not 24 m) and they have 6.6% equity in the Huinga well. This gives a much lower cents per share value for 45 mbbl.
PCL could certainly spike well over 10 cents on a strike but IMHO until reserves are proven it is unlikely to go over 15 cents. I hold PCL so I hope you are right and I am being too conservative.
Cheers
H
Huinga 1B, page-2
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Last
2.4¢ |
Change
-0.001(2.08%) |
Mkt cap ! $194.8M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.3¢ | $93.64K | 4.036M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 5158084 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 1216454 | 7 |
View Market Depth
| Last trade - 15.41pm 30/05/2024 (20 minute delay) ? |
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Last
2.4¢ |
Change
-0.001 ( 2.08 %) |
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| Open | High | Low | Volume | ||
| 2.3¢ | 2.4¢ | 2.3¢ | 1053387 | ||
| Last updated 15.57pm 30/05/2024 ? | |||||
| PCL (ASX) Chart |