CEL 4.26% 4.5¢ challenger gold limited

interesting metric - based on bhp/petrohawk

  1. 10,103 Posts.
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    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.
 
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