Thanks to @MrMysterious from The BPH Thread and accounting for MMR SOI.
2024 Shares - 1,831,807
2024 Options (Listed/Unlisted) - 419,120,142 (might be a slight bit higher, 8M or so)
Total 2.25b SOI.
MMR own 32.25% of PEP11.
Supposed gas resource is 5.5TCF. Yes Trillion Cubic Feet.
5.5TCF = 5802 PJ
1 Petajoule [PJ] = 1 000 000 Gigajoule [GJ]
5802 x 1,000,000 = 5,802,000,000 gj (5 billion 8 hundred and two million)
Albanese government wants a price cap of $11-$13/gj. So let’s be conservative at $11.
5,802,000,000 x $11 = $ 63,822,000,000. (Sixty Three Billion Eight Hundred and Twenty Two Million dollars)
63,822,000,000 (total resource size) / 32.25%(MMR share of PEP11) = $20,582,595,000.
$20,582,595,000 / Total SOI 2.25b= ~$9.14 per share.
Conservatively, upon approval we could aim for 4-8% of the above.
4% $823,303,800 / 2.25b =~$0.36
8% $1,646,607,600 / 2.25b =~$0.73
*this does not factor in costs/gas price*
Not financial advice either, I could be wrong, it’s just me playing with numbers. Also haven’t added in the options with a 3c conversion to the war chest.
This is what I have got. 2021 was speculation on approval, this case will actually give us the approval. So should the govt not submit documents I’d expect some fireworks Thursday.
- Forums
- ASX - By Stock
- MMR - The ALP will lose the new PEP11 court case
MMR
mec resources limited
Add to My Watchlist
0.00%
!
0.5¢

Thanks to @MrMysterious from The BPH Thread and accounting for...
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.248M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $1.248K | 249.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 9133360 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 18706825 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 9133360 | 0.004 |
13 | 10099271 | 0.003 |
6 | 8550000 | 0.002 |
10 | 30105000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 18706825 | 10 |
0.006 | 6474101 | 3 |
0.007 | 8000000 | 2 |
0.008 | 4000000 | 1 |
0.010 | 320733 | 1 |
Last trade - 11.08am 31/07/2025 (20 minute delay) ? |
Featured News
MMR (ASX) Chart |