Even at P90 5.5 mmbls and fully diluted 331mil shares Emily is worth 19c to EBR plus its residual value. This residual value will be made up of $18 mil cash plus prospects say 10c so EBr could easily end up in the mid 20s in a few weeks time. With that sort of cash and excellent prospects it should be a nice medium term investment.
fc
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- ebro worth 52c + ebroa -12c = 80c
ebro worth 52c + ebroa -12c = 80c, page-3
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