GBA 0.00% 2.0¢ grandbridge limited

If I were a technicals guy -which I am not, then I'd say that...

  1. 1,165 Posts.
    lightbulb Created with Sketch. 1
    If I were a technicals guy -which I am not, then I'd say that this puppy is going to go for a big run. Same goes for the charts on MMR and BPH.

    I'd like $3 plus for my GBA. Based on fundamentals, a successfull drill result of even a fraction of the now 13.2TCF will mean a HUMUNGOUS return for GBA shareholders.

    A trillion feet of gas is equivalent to 1000 PJ. Recent corporate activity in Australia (see ESG presentations)prices a PJ at $2.8m for 2P. For 3 P it is $1.17mn per PJ.

    So Advent at 2.244 trillion (P90) = 2,244 PJ = 2625mn at 3P numbers, let alone 2P number 6,260mn.

    If P50, is 13trillion, that is 13,000 PJ = silly numbers. $15bn 2P.

    18% for GBA = $2.7Bn.

    Is it a stretch of the imagination that we can go from a sub $5m company to this level? Maybe. Just 1TCF would still be $200m.

    Bring on the drill, and we'll find out.


 
watchlist Created with Sketch. Add GBA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.