According to the last 3B there are 734M shares and 300M options on issue so on a fully diluted basis there are over 1BN shares potentially on issue.
In broad terms every 1 cent in share price equates to $10M in market cap. A 50c share price (which has been mentioned in recent posts) equates to a market cap of $500M.
I'm no expert in valuing oil companies but does the likely results we are expecting support this sort of value?
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 (20min delay)
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Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.42M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 52552 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.21pm 19/09/2025 (20 minute delay) ? |
| JPR (ASX) Chart |
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