I'd guess the 10% value is because there are plenty of Western Australian mining+oil +gas companies that theoretically have large resources in their permits, but have no chance of ever developing it. Probably consistent with market value elsewhere. I think we have a better than 10% chance of developing Buffalo though - just musing why its so low in their valuation.
Buffalo 10 Well Stakeholder letter, page-5
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $277.3M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 15.0¢ | $10.87K | 72.51K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 194970 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1251285 | 15 |
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| Last trade - 10.17am 30/08/2024 (20 minute delay) ? |
| CVN (ASX) Chart |