AJQ 3.13% 3.1¢ armour energy limited

On the back of what Orion has provided in terms of estimated...

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    On the back of what Orion has provided in terms of estimated value of the significant of today's announcement, here is a nice little graph for anyone else wishing to form their own rough guestimates..

    https://www.aer.gov.au/wholesale-markets/wholesale-statistics/sttm-quarterly-prices

    It shows the quarterly wholesale spot prices per gigajoule with Sydney in June peaking at $10.5/gigajoule. 2017 average for Sydney, Brisbane and Adelaide is well above $9/GJ.

    So I'd say Orions estimate at $30,000/day is somewhat well on conservative side. Could be anywhere in the range of $30, 000 - 50,000/day ( ~$11m - $18m a year respectively).

    These are just some quick back of the hand calcs whilst im at work so correct me if I wrong.
 
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