I see it more along the lines of jocam. While the price rose to 25c it has retreated quickly as not enough buyers see the upside.
I prepared a financial model on COE and estimate current oil in the ground at just under $15 per barrel. On a diluted (for options) basis I value COE around 21-22 cents per share. This assumes that they will continue to spend on exploration which yields nothing. Now this is not really likely to be the case. So i defined some probabilty distributions of between 0 and 3 discoveries each year at an average of 0.5mmbo net to COE. I ran some Monte Carlo Analysis and basically this gives me around 28-35c value for COE.
Cheers
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I see it more along the lines of jocam. While the price rose to...
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Last
23.0¢ |
Change
0.005(2.22%) |
Mkt cap ! $607.2M |
Open | High | Low | Value | Volume |
22.5¢ | 23.0¢ | 22.0¢ | $799.1K | 3.546M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 246047 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 1820182 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16997 | 0.255 |
1 | 53 | 0.230 |
3 | 83873 | 0.225 |
4 | 349735 | 0.220 |
8 | 1879052 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 1936682 | 16 |
0.235 | 1017415 | 19 |
0.240 | 3862800 | 24 |
0.245 | 409113 | 10 |
0.250 | 504621 | 11 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
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MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
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