I said in my first post 'If this returned 1,000% I would be underwhelmed. This is the type of stock I will hold for 10,000%.' and I meant it. It was a calculated price forecast.
MST access released a research in July of 2020 on Renergen ASX.RLT.
https://www.renergen.co.za/helium-resource-update-shows-renergens-huge-potential/
The report gave a valuation of A$5.00 on ASX.RLT assuming 25% of the 1C Contingent Resources of He. The 1C figure is only 7.95Bcf which means they have assumed RLT will find 1.98Bcf. RLT's 1U P90 prediction is 32.54Bcf. 16 times larger than the assumed find. That would give a valuation of $80 per share.
RLT can hit $80 per share
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Last
76.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.04M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 76.0¢ | 74.5¢ | $41.28K | 54.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.0¢ | 2500 | 1 |
View Market Depth
| Last trade - 14.40pm 03/07/2024 (20 minute delay) ? |
| RLT (ASX) Chart |