Great News!
Let's get the calculator out and do some numbers.
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.
TPD Waylering 24.4Pj RISC Certified Contingent Resources.
24.4Pj = 24,400,000Gj
24,400,000Gj x $2.03Gj = $49,532,000
TPD Shares on issue = 526,459,792
526,459,792 ÷ $49,532,000 = 10.6c
BUT WAIT there's more - that's only Wayerling!!
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
The future is bright for TPD.
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