RMP
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0.00% 1.7¢ red emperor resources nl

From what I've been reading, the consensus seems to be as...

  1. Glitterati
    819 Posts.
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    08/03/19
    11:22
    Post #: 37697190
    From what I've been reading, the consensus seems to be as follows:-

    400 Mbbo x 31.5% (our holding) = app. 126 Mbbo to RMP
    Take out royalties and our net holding will be 106 Mbbo 

    Safe to assume that it will be minimum $5 per barrel so 106 M x $5 =  $530M (net value of Winx to RMP)

    Then divide this by the SOI 525M and we're left with a SP of just over $1 (530/525)

    RMP Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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