As a comparison using these figures of $1000/ barrel how does GRB stand up?
In the last annual report page 2 showed we produced 12.8 million Litres of beer, 1 us beer barrel equals 117 litres .
this equates as 109401.7 US barrels production and at $US1000 per barrel = $109,401,709.4
convert this to Au $109,401,709.4 x 1.41 =$154,256,410.
With 1,011,556,257 shares on issue puts a figure of $0.152 per share.
Now added to this the growth we could expect in the figures so far this year and that could be $0.20 / share, so we are undervalued and should see at least doubling of current prices.
GRB Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held