And redrun, we know what bhp just paid for 10tcf recoverable.....4.75b
That is assuming very best case scenarios though.
But even if it is half this a value metric of 2-2.5b on ade recoverable asset would mean a share price of $5-6 / share.
Lots of water to flow under the bridge before we start talking numbers close to that of course but it does outline the massive potential that we have de-risked here.
Onwards and upwards everyone !
ADE Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held