Tui,
I agree, even on a conservative valuation basin the Surat Basin CSG permit area is worth .20c PS. None of that is factored into the SP. Nor is Vanessa or Hornet.
The value will be seen in the SP (over time) as we make announcements derisking the permits and thus advancing the 2P reserves in those areas.
I too am frustrated in the current SP, but the value is there for SXY in the undeveloped Gas assets. That's independent of any oil they find along the way. More patience is required. Its good value at these level's....
- Forums
- ASX - By Stock
- SXY
- SP to lowest since 2011
SP to lowest since 2011, page-22
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online