BYE byron energy limited
Add to My Watchlist 0.00% ! 5.4¢

Undervalued?

  1. Albous1234
    157 Posts.
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    08/03/23
    14:20
    Post #: 66660652
    Someone correct me if wrong.

    Conservative price per barrel of oil: $50

    Proved reserves: 9.6 million barrels (annual report as at 30/6/22)

    50 x 9.6 x 1,000,000 = 480,000,000 value of reserves

    480 mil divided by 1 billion in outstanding shares = reserve per share of $0.48.



    BYE Price at posting: 8.9¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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