In November Redleaf valued BRK at 08c per share based on their then holding of 1280 ha.
Since that valuation not only has Anadarko Basin per hectare price increased , but so too has BRK holdings as of today....to 2100ha.
Even if we continue to use the 2017 per ha prices of USD$16k/AUD$40k ....BRK is now valued at AUD$40m - or 4.5c ++ on assets alone....let alone the revenue they have - which is funding acquisitions.
I believe the wider market is missing the investment opportunity right in front of them. Despite the fact it has been spelt out by the company, i think investors are still viewing this as a traditional OnG play so are waiting for some incredible ANNC about flow rates etc .
As usual, the early bird is getting the worm here. Selling will exhaust itself soon enough.
Happy to be corrected on any of the above.
gltah
Revised valuation
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Last
1.3¢ |
Change
0.002(18.2%) |
Mkt cap ! $61.93M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $277.9K | 23.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1159000 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 26151066 | 18 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| BRK (ASX) Chart |