ive found some new info which should lead to more accurate calcs. also, i see now under modular development concept that mobilisation time is 6 months so assuming permits are granted within two months and everything goes according to plan, we are ~8 months away from production.
the modular development concept states that a single modular can produce ~50 mcf p/a (P50 conc.).
the 350k mcf p/a production assumption used in the previous calcs would require sophisticated drilling campaigns to replace modulars.
anyway, assuming a much smaller production of 50 mcf per year, each modular would produce 50 * $280 = $14,000 p/a.
the operation of ten modulars would generate $140,000 and 100 modulars, 1.4M.
again assuming a p/e of 25, neither of the above would result in a market cap of greater than present value.
to conclude, we are a little way off a market cap of 2.5B proposed before!!! this being said, any revenue generated wont hurt the share price and i believe we are on the right track at the moment.
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