was told about this article sure makes for an interesting read I especially liked the
"Assuming success for either of Ooraminna-2, Johnstone-1 and Magee-2 on a more conservative risked mean basis could impute an NPV value for Central of over 50 cents per share, pushed down by the weight of newly minted issued shares and options likely to be exercised. Discount that again, and a value of 35 cents is not untoward."
"Were Central to hit it big on all three wells, a valuation north of $10 per share for Central is possible. It would be the oil equivalent of doing a Paladin Energy in oil and gas. A sniff of a commercial find on any of Centrals wells and the current stock price and market valuation - look very light."
Who are Proactive investors never heard of the mob
CTP Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
