Hme valuation I3 energy today reported sale of royalties acres.
the numbers:
Accelerating and Unlocking Value: Realization of USD 24.81 million in gross proceeds from the sale of an estimated 388 barrels of oil equivalent per day ("boe/d")(2), translates to 6.9 times 2024 forecasted cash flow and approximately USD 63,960 per flowing boe/d, which represents a significant premium to the Company's current market valuations.
this equates to $217 million for hme's 3400 acres. Divided to 105.5 million shares that is $2 per share, so now we have a simplified valuation by the market. Hme is cheap!