If they can get what there were asking for with the farm-out (in parallel to finalising the PSA), I would think we are worth around $50-80M.
If the seismic shows good reservoir continuity and confirms what is currently expected then the probability of success increases and we should fly right up leading to the drill in Q3 2021. I would think we are worth $100-$200M when the drill bit starts turning. This will really depend on general market conditions and sentiment at the time... if it was being drilled today in the middle of this hot spec market I wouldn't have been surprised to see us trading at $250-300M market cap or higher.
Beyond that, high case we confirm the full NSAI resoruces estimate - which would value the field/project in the multiple $Bs.
Valuation thread, page-2
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Last
7.1¢ |
Change
0.002(2.90%) |
Mkt cap ! $100.6M | |||
| Open | High | Low | Value | Volume |
| 6.9¢ | 7.1¢ | 6.9¢ | $48.24K | 690.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13000 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.2¢ | 218454 | 5 |
View Market Depth
| Last trade - 15.58pm 21/05/2024 (20 minute delay) ? |
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Last
7.1¢ |
Change
0.002 ( 3.20 %) |
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| Open | High | Low | Volume | ||
| 6.9¢ | 7.1¢ | 6.9¢ | 930429 | ||
| Last updated 15.58pm 21/05/2024 ? | |||||
| IVZ (ASX) Chart |