SL1 0.00% 0.0¢ symbol mining limited

Nice post Harro.I just read this report again from only 2 weeks...

  1. 2,204 Posts.
    lightbulb Created with Sketch. 499
    Nice post Harro.

    I just read this report again from only 2 weeks ago:

    http://www.swala-energy.com/documents/SWE_SeismicShowsLokicharAnalogue_20131113.pdf

    Regarding your last line about Eyasi?

    Working with the current share price I have to value:

    SWE management plus cash for half of it = 13 cents

    The other half for the acreage we already have:

    KK = 5 cents
    Pangani = 3 cents
    12B = 5.5 cents

    Eyasi, as an extension of the main rift system from Kenya with 4 distinct basins = another 10 cents.

    So, with Eyasi confirmed, SWE should be closer to 40 cents.

    With the award of Zambia block 31 = 45 cents.

    This would still be a fair bit under Argo's 61 cents price target. (All IMO).

 
watchlist Created with Sketch. Add SL1 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.