BRU’s share of Rafa is worth an addition to the BRU SP, currently 14.5-15c, depending on size of discovery of:
Best Estimate of 37 mmbbls - 60c
Mean Estimate of 69 mmbbls - $1.12
High Estimate of 176 mmbbls - $2.85
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I like your optimism and as a BRU holder I hope any of your SP predictions come true.
The only problem I have is that beach energy has revenue of over $1b a year and only has a SP of $1.08. Beach has infrastructure in place, unlike Buru which is still primarily an explorer.
Hard to see how Buru's SP can climb so high when comparing this company to some peers.
However I do hope we do reach those SP targets. Not trying to downramp. I'm a holder. Just being realistic. Any stats anyone has to support these high predictions are welcome.
Fingers crossed we hit the mother load...................
BRU Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
