I have seen a few posts about broker valuations on AZZ. The latest one I have seen was from Tricom. It has a $2 million increase in AZZ's Market cap for each BCF in Rowena alone. Given that AZZ predicted a size of the field of 200BCF+ and the number of shares on issue is 158 million, that gives a share price of $2.97 for 200 BCF at Rowena!!!!
If Rowena turns out to be 500BCF that becomes $6.77 and that is without taking into account all the other fields that AZZ has going.
Bring on that trading halt.
AZZ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held