Interesting reading the BHP presentation... (thanks to the poster who posted it in a different thread).
http://www.bhpbilliton.com/home/investors/reports/Documents/110715_BHPBilliton_AllCashOfferForPetrohawk_Presentation.pdf
Interesting to read that BHP paid $15B for 1 Million acres. That equals $15,000 an acres.
Based on this Metric, and given the 45000 acres that CEL holds at 80% Interest(and given CEL hit 2300ft gas), the same $ per Acre, would value CEL at $540 Million.
Throw in the Million+ Acres in SA.....
Current market cap around $30m. Makes you think, hello upside.
interesting metric - based on bhp/petrohawk
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Last
4.5¢ |
Change
-0.002(4.26%) |
Mkt cap ! $63.17M | |||
| Open | High | Low | Value | Volume |
| 4.8¢ | 4.8¢ | 4.4¢ | $516.4K | 11.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 670384 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.8¢ | 421304 | 2 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| CEL (ASX) Chart |