BUR 0.00% 13.0¢ burley minerals ltd

going to 80c , page-24

  1. 2,988 Posts.
    "probably the sort of person who wears turtle neck skivvies, and rides a push bike to work"

    What's wrong with turtle neck skivvies and push bikes. I'm deeply hurt! LOL

    Need to be a bit cautious about expecting 15mmcf/d from Jet3 as this will fall off over the first year.

    If they can average 10mmcf/d from Jet3 over the first year however (start 15mmcf/d, finish about 5mmcf/d) that is a nice $7m in the bank in addition to income from the other wells - which would have a major benefit of limiting dilution to the options we already know about and that I already include in my calculations.

    Anyway I agree there is still massive upside potential from here. I'm probably keeping my shares for dividends in a couple of years time at which time I expect SP is about $1.00-$2.00 and divvy about 5-10 cps if all goes well.
 
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