Assumptions:
ADX completes capital raising before drilling to secure cash - 20M shares.
Shares: 212M (after 20M for capital)
60% of Sambuca with P50 270Mbbls
Recovery 40%
Total P50 108Mbbls
Chance of success
10%
NPV
A$1080M @ A$10/bbl
Risked NPV
A$108M
ADX risked NPV
A$65M
ADX risked NPV/share
$0.31/share
Provided rig is confirmed for latter this year would expect ADX to trade closer to ~30c/share once rig is position.
Also has Chorbane and other permits for jv.
sambuca pre-drill estimate 31c/share.
-
- There are more pages in this discussion • 52 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ADX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.6¢ |
Change
-0.002(2.04%) |
Mkt cap ! $54.52M | |||
| Open | High | Low | Value | Volume |
| 9.8¢ | 10.0¢ | 9.6¢ | $79.14K | 811.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 183081 | 9.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 197504 | 2 |
View Market Depth
| Last trade - 15.56pm 27/06/2024 (20 minute delay) ? |
| ADX (ASX) Chart |