RaaS Research Report – 2Q20 activities move the dial to “drill-ready”

RaaS Advisory Pty Limited prepared a report on the Company’s June 2020 quarterly report and activities.

Some key highlights include:
a) EP187 drilling commencement;
b) 26 September option expiration (36.2m @ A$0.30);
c) November drill results;
d) Carpentaria-1 vertical hydraulic fracturing approvals; and
d) Landowner access approvals on other tenements.

Their base case valuation is $0.58/share including a 10% risk weighting to development risk expectations until the outcome of the forthcoming August 22 Northern Territory elections is known.

Their full report can be downloaded here.