LNC's market cap has shot up $388 million since they drew attention to the shale oil discovery on 23/1. And this was on top of the prior month where it shot up $501 million, so who's to say it wasn't the smart money buying. How much of this increase in market cap can be attributed to speculation about Arckaringa? I would say a lot. There are a bunch of publications (particularly in the US) that have run selling the $20 trillion dollar story to mum and dad investors.
The main difference between LNC's 500 mil or more increase in MC and NVG's 6 mil MC is a desk top study. I know this is the extreme upside, but even if you take more conservative figures you would still be impressed by the growth potential.
IMHO NVG will get re-rated based on the following:
+) If they can focus purely on the gas tenements
+) If they drop or sell the gold tenements
+) If they rename to NAVGAS to highlight this change
+) If they (or independents) complete a desktop study based on current records and prior tests
+) If they manage to get a drill deployed
+) If they get a result that confirms prior drilling
-) Slightly negative if a CR takes place, however will probably be offset by excitement that they can fund exploration
I think NVG has enormous potential. If they play it right they have all the right catalysts to drive a SP re-evaluation. Any of these factors could see the share price up 50% here and there and over time the market will seek a fair value considering their huge acreage.
I would say a conservative valuation (even at this stage) would have to be $2 per acre, because that would put it on par with some of the cheapest unproven oil and gas companies. (that's 4 times current share price) And here we have the added benefit of nearology to Arckaringa. However in time I am hoping that the results can stand up on their own and prove that these tenements are even more prospective for oil & gas than Arckaringa.
All in my opinion, don't invest blindly and do your own research!
- Forums
- ASX - By Stock
- NPM
- navgas is lucky
NPM
newpeak metals limited
Add to My Watchlist
5.00%
!
1.9¢

navgas is lucky, page-8
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
1.9¢ |
Change
-0.001(5.00%) |
Mkt cap ! $5.797M |
Open | High | Low | Value | Volume |
1.8¢ | 2.0¢ | 1.6¢ | $58.21K | 3.227M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 281267 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 908204 | 0.017 |
2 | 303654 | 0.016 |
4 | 171166 | 0.015 |
2 | 235000 | 0.014 |
2 | 150000 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 433197 | 2 |
0.020 | 181267 | 1 |
0.024 | 700000 | 1 |
0.025 | 523000 | 1 |
0.026 | 937667 | 2 |
Last trade - 13.23pm 10/07/2025 (20 minute delay) ? |
Featured News
NPM (ASX) Chart |