Which begs the question ,Whats a good price for this...

Which begs the question ,Whats a good price for this share?

Whilst its hard to compare oranges with oranges, SEH is often flagged as a guage to LRL.

So heres what I know-
SEH are chasing 1.1 billion net and LRL 1 billion net (both with upside).

Patersons have a price target of 31 cps (spec buy) which is double its current price. This would put a market cap of around 400m.

As LRL are chasing a similar return lets say they can get a similar MC. Or around an 8 fold increase from the current MC. Say $1.60 -$1.70 a share.

So if we were up to SEH stage today we should be around the 80cents today.


I'd think the confirmation of commercial gas will put us in the good books and give us some press, so I'll go with that being the catylst to push us to 40 cents plus.

Of course there are many factors involved and my figures could be way out. (having 45 million in the bank also a major plus not taken into account)

Happy to hear other thoughts, any holder also have SEH?

Oscar