RSD - quite simply imo I would go with the following rough metrics.
Target prospects of 400 mboe for Winx if we say drill hit is successful and take recoverable oil to be 30% of target that is equates to 120mil barrels and 88E's share of circa 30% is 35mil barrels.
Believe a conservative range to value in ground hydrocarbon is around USD$2 to 5 per barrel , so say we take the middle of that is USD$3.5 per barrel @ 40mil barrels gives us a value of around USD$123mil or roughly AUD$170mil valuation off a successful Winx play.
88E with a current market cap of $125mil I would think it could double 2x in sp or just under that.
If we look at RMP with market cap of $40mil that would be a 5x bagger and OEL would also be a 2x bagger.
Exciting times ahead!
RSD - quite simply imo I would go with the following rough...
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Last
0.2¢ |
Change
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Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.2¢ | 0.1¢ | $36.27K | 18.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 513 | 1362076154 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 80829293 | 29 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| 88E (ASX) Chart |
