So if monthly revenue is about 650k, thats $7 800 000 per year
Outgoings of 1.3m per quarter amounts to $5 200 000 per year
so very rough profit per year is around $2 600 000 x by about 5 and you have a rough valuation without debt of about $13 000 000.
The market seems to have valued the company fairly at this stage, although oil price can change that.
If im wrong with my calculations feel free to correct me
Ann: Tangai-Sukananti - April Operations Update, page-9
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