If we can flow gas to surface at commercial levels at Grandis you can apply the $1B per TCF rule. If we can get a reserve booking of 1.7 TCF recoverable, that would equate to $1.7B USD. Convert that to AUD and that’s about $2.75B AUD.
With a current 1.1B shares on issue, that would equate to about $2.5/share for Grandis. That is the objective value, not saying share price always reflects true value.
You can apply the same principle to Mongolia, albeit at a bit of discount considering there is zero distribution infrastructure at this moment in time.
If we can flow gas to surface at commercial levels at Grandis...
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11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $124.7M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.0¢ | $183.3K | 1.603M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 33 | 1158406 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 11.5¢ | 50000 | 1 |
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| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Change
-0.005 ( 6.38 %) |
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| Open | High | Low | Volume | ||
| 11.5¢ | 12.0¢ | 11.0¢ | 1009339 | ||
| Last updated 15.47pm 13/05/2024 ? | |||||
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