A successful Hovea primary target would get it there alone I believe, if in the high end of expectations. ARC quoted a NPV of 7c per share per million bbls reserves (or 14c for ARC's portion at 50%) The market never matches the cos own valuations, but that's a good indication of the blue sky.
Quote the raven, page-5
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Last
15.3¢ |
Change
0.003(1.67%) |
Mkt cap ! $47.74M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.3¢ | 15.0¢ | $23.93K | 159.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 6266159 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1835875 | 24 |
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| Last trade - 12.02pm 31/07/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |