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10.0¢ armour energy limited

any idea of the company's net annual profit? based on these...

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mac3

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06/10/17

09:48

Post #: 27703929
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Originally posted by thehunter ↑

On the back of what Orion has provided in terms of estimated value of the significant of today's announcement, here is a nice little graph for anyone else wishing to form their own rough guestimates..

https://www.aer.gov.au/wholesale-markets/wholesale-statistics/sttm-quarterly-prices

It shows the quarterly wholesale spot prices per gigajoule with Sydney in June peaking at $10.5/gigajoule. 2017 average for Sydney, Brisbane and Adelaide is well above $9/GJ.

So I'd say Orions estimate at $30,000/day is somewhat well on conservative side. Could be anywhere in the range of $30, 000 - 50,000/day ( ~$11m - $18m a year respectively).

These are just some quick back of the hand calcs whilst im at work so correct me if I wrong.

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any idea of the company's net annual profit?
based on these figures they seem to be in a very strong position for a $30mil market cap??

AJQ Price at posting: 8.7¢ Sentiment: Buy Disclosure: Held
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