A purchase at this price will give an effective PE of near one once 5-6 wells are on line, which will not be long.
Given they are likely to make between $100K and $400K per well per month (say ave $200K), they get back about $US2.4 million = $A 3 million per year. With six wells they could very well have revenue equal to the current MC
Given a PE of about 6-8 for oilers one would think this would mean a re-rating to about $1.00 just for this plus another 50c for future upside potential.
Bring on BUR as a 10 bagger.
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Last
10.0¢ |
Change
-0.010(9.09%) |
Mkt cap ! $15.03M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.0¢ | $53.59K | 532.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 150000 | 9.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 150000 | 0.098 |
1 | 30000 | 0.097 |
4 | 142104 | 0.095 |
1 | 11111 | 0.090 |
1 | 100000 | 0.085 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 25000 | 1 |
0.105 | 19460 | 1 |
0.110 | 35189 | 1 |
0.115 | 50000 | 1 |
0.120 | 93600 | 4 |
Last trade - 14.26pm 06/09/2024 (20 minute delay) ? |
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BUR (ASX) Chart |