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
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.795M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 2.0¢ | $16 | 790 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 72209 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 62266 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 72999 | 0.020 |
3 | 270000 | 0.019 |
1 | 100000 | 0.018 |
1 | 80000 | 0.017 |
1 | 200000 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 62266 | 2 |
0.025 | 11368 | 2 |
0.029 | 41666 | 1 |
0.030 | 5491 | 1 |
0.052 | 17772 | 1 |
Last trade - 10.56am 26/06/2024 (20 minute delay) ? |
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