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
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.800M |
Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 1.3¢ | $810 | 60.14K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 614045 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 1372140 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 614045 | 0.013 |
2 | 999702 | 0.012 |
7 | 2666909 | 0.011 |
4 | 1600000 | 0.010 |
2 | 411112 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 1372140 | 2 |
0.015 | 1293333 | 2 |
0.019 | 1010789 | 1 |
0.024 | 1338800 | 2 |
0.025 | 192000 | 2 |
Last trade - 13.05pm 04/10/2024 (20 minute delay) ? |
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