Thank you Rovic, 3.0 is still low..Potential market cap = Cash +...

Thank you Rovic, 3.0 is still low.
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Potential market cap = Cash + EBITDA * P/E = Cash + EBITDA * 3.0
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Future Market cap with 1 set of wells
We get the graph below. (Y is accumulated EBITDA in thousands of AUD, X axis is number of months).
Annual EBITDA = Gradiant * number of months= 417.9K *12.
Tthen in 2.5 . years we are looking at 15 million cash+EBITDA of 5 miilion
so theoretical market cap = 15+5*3 =30 million market cap.



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Future Market cap with 3 sets of wells

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After 4 years , Cash= 58 million, and annual EBITDA is around 28 million
So Market cap =58 million + 3.0 * 28 million= 142 million market cap.
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For this to happen means SHE issuing a dividend like CUE to attract a P/E ratio of 3.0 and them opening up 3 sets of wells, which is a lot of wells but a lot of capital growth.
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Lets hope the board gets back to business of opening wells.
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These are my speculation on intrinsic value in the future if SHE opens up more wells.
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If SHE market cap does not rise then i would be quite happy for them to pay out a large dividends in the future.
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Lets hope 2024 is a transformative year for SHE as written by David deloub on the investment hub.