I'm going to use the MIN valuation of WGO when they bought on market 35c. This is a realistic like for like valuation I did for another PB player NWE at 7c a guess what - NWE hit 7c Yesterday.
There is loads of upside that hasn't been taken into consideration with Mongolia Gurvantes.
So for fun let's go $2.03Gj for the Gurvantes project.
Gurvantes Project has a Certified 1.2Tcf Contingent Resources.
$2.03Gj X 33% 1.2TCF = 369Bcf
And incorporate that into the 10c Waylering valuation.
369Bcf = 389Pj
389Pj X $2.03 = $790,319,600
TPD Shares on issue 526,459,792 ÷ $790,319,600 =66c
Chinese onshore gas next to Mongolia is going for USD$10Gj and Perth Basin Gas is going for around AUD$6Gj - $7Gj
I know Mongolia isn't the Perth basin. But I just wanted people to understand the extremely crazy upside to TPD.
It is my firm belief that TPD is heavily undervalued and this Waylering production licence approval which will generate $30M revenue pa is just the start.
We should start to see TPD go north with multiple catalyst ahead which include
Debt Facility Petro China Gurvantes MOU update / JV? Waylering First Gas Production Gurvantes Pilot Well Campaign
Talon also hold a great pipeline of GAS RICH Perth Basin JV Exploration Permits.
Condor - TPD 100% 2 x TEG JV Permits TPD 25% Ocean Hill FROR STX
