Analysts spend months labouring away at valuing a company, and they still get it wrong. Maybe not as wrong as the OP though ;-) but I like the idea for a thread.
Any sort of valuations would predominantly be based around our potential earnings rather than in ground values. So for us, it would flow rate derived Seeing as we still have no accurate flow rates, any sort of MC predictions are just guesses at this stage.
I suppose we could run a comparisons thread here if we don't have any cross promoting objections? We seem like a pretty level headed bunch here, so, for the purpose of comparing BOPD to total MC. can anyone share any other Jnr oilers they think might present a good comparison with GGX?
Obviously, P1,P2,P3 reserves play a vital role in any calculations, along with potential. Potential being other attractive permits, upcoming drills etc. and also sentiment, how do public perceive management, general market sentiment, company history. But a good place to start would be, how much oil are you pumping out each day?
So, name your oiler and its production rates and lets see if we can come up with ball park valuations that way.
GGX Price at posting:
3.1¢ Sentiment: None Disclosure: Held