re: a solid foundation who knows for sure, but prob rightBut...

re: a solid foundation who knows for sure, but prob right

But this was posted by drivel this morning

Minimimum guestimate is:
50BCF ~ 1 to 1.50 per share
1TCF = 1000BCF ~ 20 - 30 per share

Don't know how accurate it is, but on GDN website they have something similar which was very good info from memory - I can't seem to find it now

So it is good in that it gives you a guide to what it "could" be worth, depending on how much they find

BUT - I think it is safe to say it is already commercial.
So does that mean it should already be over $1?

All these numbers were pre costs of course, but sounds good to me, and is well worth a punt!