According to the EH chart for every billion barrels of oil (at a $10USD in-ground value per barrel) the share price should be 35.1 cents AUD per share so using the EH methodology 3.6 Billion Barrels would be 3.6 x 35.1 cents = $1.26 AUD
It may be Sh1n3 is using a different formula and a different in-ground value to translate 3.6 Billion barrels of oil to a MC of $1.75B
But you cannot argue MC / SOI = SP so if the MC is $1.75B and there are 9 Billion SOI then the SP will be 19.4 cents, and no need to convert to AUD because the MC is already in AUD.
According to the EH chart for every billion barrels of oil (at a...
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