Revised valuation

In November Redleaf valued BRK at 08c per share based on their then holding of 1280 ha.

Since that valuation not only has Anadarko Basin per hectare price increased , but so too has BRK holdings as of today....to 2100ha.

Even if we continue to use the 2017 per ha prices of USD$16k/AUD$40k ....BRK is now valued at AUD$40m - or 4.5c ++ on assets alone....let alone the revenue they have - which is funding acquisitions.

I believe the wider market is missing the investment opportunity right in front of them. Despite the fact it has been spelt out by the company, i think investors are still viewing this as a traditional OnG play so are waiting for some incredible ANNC about flow rates etc .

As usual, the early bird is getting the worm here. Selling will exhaust itself soon enough.


Happy to be corrected on any of the above.

gltah