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1.7¢ red emperor resources nl

This would be in ground value and this is before we get a big...

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Glitterati

819 Posts.

106

08/03/19

11:29

Post #: 37697313
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Originally posted by Glitterati: ↑

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)

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This would be in ground value and this is before we get a big fat juicy takeover offer from one of the majors (Oilsearch, Repsol, Conoco Philips, Armstrong)

RMP Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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