I understood a rough estimate based on PE of 15 was a sp of about $10 for 440BCF. This may or may not be realised (cf BHP probably worth $50+ but trading at $25-30)
Also estimated $1.20-$1.50 for 50BCF.
However the actual amount will not be known for some time, at least 3-4 years and several holes later so even when this hole has been tested and in production we will not know how much for some time.
Hence sp will not run to $10 in a hurry, possibly over a few years.
I could be wrong and we may see a "CDU" like mad rush to $10 (followed by common sense and a retrace to $3-$4) if shes a gusher!
GDN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held