If i extrapolate the possible barrels of oil for byron share say 2.5 million barrels revenue at say $51 us ,cost to produce say $10, us profit $41 us per barrel.net profit $102 million less goverment tax of $19.5 mill .therefore net profit after tax of $82.5 us ($111 million aussie).If 5 million barrels (byron share) the profit would be $222 million .Byron is currently capitalized at$36 million which makes this company appear to be very cheap!!!.Bring on collarini certifiers !!!
BYE Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held