RE: Why the SP rise - with no production?8 Jun 2021 11:16
the licence they have allows them to build multiple plants. Just one plant giving 5,000 bopd to Tom (50%) would be worth over $300,000 per day profit (sand sales cover oil production costs).
300k x 300 days production allowing for down time, $90m per annum profit. x10/1.4b shares is around 6p per share.
2 plants, 3 plants, 10 plants???