I know you are fishing for bites but seriously lets look at nothing else but the most conservative of what is known.
2C is 46 million barrels
PSC maybe 33% to Cuba, so 15mb leaving 30mb
30% to MAY so lets call it 10mb.
In ground value is 25% of market price, $80 - discount for heavy back to $70
25% of $70 times 10mb = $175m
So right now worst case value of the company is $175m or 5.2c per share
May Chart, page-12738
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Last
2.8¢ |
Change
-0.002(6.67%) |
Mkt cap ! $94.36M | |||
| Open | High | Low | Value | Volume |
| 3.0¢ | 3.0¢ | 2.8¢ | $131.2K | 4.519M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 3524240 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 1158000 | 5 |
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| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |