All systems are go for September after the open day on the Rig in Sept 1.
I think if you purchase now at 8c and anything below 15c will represent a great bargain in the up coming weeks. Then we should see the SP contine to rise quickly within the up coming few months.
If all 4 wells are sucessful as GGX predicts (with approx 50 - 70 million barrels + gas sales), I think a fair conservative company market cap would be anywhere between $500M - $1.4B. This is based on various fundamentals, further potential and hype.
This is just my opinion and a conservative estimate.
Based on todays SP and market cap, we should have shares worth 90c - $2.70 per share soon if all goes as planned. It may go much higher after all flows are confirmed.
I would be amazingly satisfied even with 90c.
This is the beginning of the program and there is a lot of work to do. But I feel very confident with how things are going.
As I mentioned before, we should all have a good Christmas this year. Just hold on for the ride.
Good luck to all GGX holders.
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