Just been looking more at how an Independent Expert will value our company.
Grant Samuel on ESG valuation utilized 3p + 2c 'gas in place' of 16c - 21c/GJ, say average of 18.5c/GJ.
'Gas in place' stated to me by WHTM after a meeting with Bow in Melbourne earlier this year was 9000GJ.
Bow's current documented 3P + 2C = 5273 x $0.185 = $2.75 approx. If at 9000 as stated to me = $4.70 approx.
IMO, valuations have to be based on some formula and this is the most current we have and before you say I'm not comparing apples with apples, mix your own estimate up or down on the rate /GJ 3P + 2C and I bet you still come way in front of $1.52.
Do you reckon I'm dirty? You're damned right I am!
Please do your own research this is my view,
Aba
BOW Price at posting:
$1.50 Sentiment: Hold Disclosure: Not Held
