Hi Plush
just went back and did a little recalculation on those figures
Current Market cap $238 million (per asx) divided by share price 0.43 gives us 553 million shares on market.
Now Rough price for gas in situ is 50 cents per mcf (1000 cubic feet) which equates to 500 million dollars per TCF
now we divide 500 million by the shares on offer and that gives us a figure of 0.904 per share per TCF, less any dilutions through options etc.
These figures a rubbery at best and are just an opinion and may differ significantly from the actual market.
Good luck next week
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Hi Plush just went back and did a little recalculation on those...
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