COI 0.00% 20.0¢ comet ridge limited

40c would be a reasonable take over offer now if we get to...

  1. 593 Posts.
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    40c would be a reasonable take over offer now
    if we get to production we should be trading at 5x earnings with a take over at that point at a premium to that

    what will our earnings be -
    very rough back of envelope calculation from someone with very little knowledge of gas operations
    40-60tj/day
    profit per gj 8-9$
    50000x$8.50 = 155M x 5 = 775M market cap
    77.5c per share
    this doesn't factor in capex but gives a rough guide to the potential of the project at current commodity prices
    anyone willing to critique these number I would sure appreciate it
    Last edited by JackSpark: 23/03/24
 
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