As a former PM smirkingly said 'what a great set of numbers'....

As a former PM smirkingly said 'what a great set of numbers'.

"From the April Gazonor announcement, operating PROFIT on CMM sales was equivalent to about A$5.4mill/PJ which would be A$5,130mill or A$5.13bill for 950PJ of Lorraine CBM if the costs were similar to CMM ... so assuming higher CBM costs, surely the profit could be at least A$3bill which is $12/share for the current 250,000,000 shares/notes on issue."

Do not want to take issue with the sentiment or reasoning BUT, (there had to be a but) the thinking is probably very conservative. With the Russians flexing their muscles the price of Methane is likely to sharply escalate for this oncomming winter season and stay there.

Tony McClure and team will have been busy in organising just how to get this to market. We've all seen the short term and longer term plans to do this.

All the best from Moranbah-mminer