time change
heir timeline is out of course, but we must allow a margin of error as OGP has done in his modelling. The spot price for natural gas is $3.28/GJ. Let’s discount that to $2.00/GJ, closer go what Origin sold Ironbark for in 2019, the last significant gas transaction I can find. Let’s also discount Glenaras 2C to 500PJ, the original certified estimate. Our current Market Cap is almost exactly $200M. Current SP: $0.68This is assuming commercial flow rates which is the key risk.500,000,000GJ x $2.00p/GJ = $1B$1B / $200M = 5x5 x $0.68 = $3.40 (Low end)———1,000,000,000GJ x $3.28/GJ = $3.28B$3.28B / $200M = 16.4x16.4 x $0.55 = $11.15 (High end)Add a premium for the asset and throw in Kumbarilla and Springsure.. there’s your $10 and change.
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $7.474M |
Open | High | Low | Value | Volume |
2.3¢ | 2.4¢ | 2.2¢ | $6.879K | 301.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 231299 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 1368 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 231299 | 0.022 |
3 | 284822 | 0.021 |
2 | 150000 | 0.020 |
1 | 300000 | 0.019 |
1 | 100000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 1368 | 1 |
0.029 | 41666 | 1 |
0.030 | 5491 | 1 |
0.036 | 156250 | 1 |
0.040 | 44310 | 2 |
Last trade - 14.08pm 21/06/2024 (20 minute delay) ? |
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