EBR 0.25% 98.8¢ ebr systems inc.

55cps minimum Agree totally Dolphin58.Even their smallest...

  1. 772 Posts.
    55cps minimum Agree totally Dolphin58.
    Even their smallest project "Gilbert" where they hold 10% has an estimated 23mmbl recoverable oil at 80% confidence level. (of course oil may not be present at all-the nature of a specci stock) but do the calculations.
    23 mil at $60us x10% and divided by 333mil shares (EBR fully diluted) and converted to $AUD amounts to 55c gross per share. Then there is the Mclean prospect EBR 25% ( I read 96mmbl somewhere but I am not sure if a firm figure is yet available) Then the first two (of five) Cooper holes estimated at 19mmbl (EBR 51%.) That amounts to about 65c per share if only 30% of the 19mbl is recovered.(The second two holes estimate is 10mmbl)
    So all told EBR could well be a rocket ready to fire.
    Add to all this the Cultana project which could turn out to be a massive copper strike with a uranium sweetener.
    30cps could turn out to be quite conservative.
    Happy holding a bundle.
    fc
 
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