Seems I need not have pondered at all The link above gives a pretty good ballpark estimate of costs and revenues forecast for a FLNG set up at Pandora. They are estimating Net cashflow (before finance costs) of around US$470,000,000 p.a.
If Cott can demonstrate the commercial viability of Pandora, convert the resource to reserves and possibly prove up some of the other resources (3d analysis) they will have seriously added value to that 40% stake and could be in a good position to farm down at a significant premium to the $1m per point payout figure to EIS.
BDM Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
