Hi ragingboom:NPV on the Singapore Project with a 15% Discount...

Hi ragingboom:

NPV on the Singapore Project with a 15% Discount is S$69m
IRR on the Singapore Project is 55%.

Target NPAT: $28million in 2015.

At PE10,PrIME singapore Project value is $28m*10=
$280 million.

NSP's 50% holding = $140 million

SP=$1.27 (without dilution)

ABS Indian PrIME operation should bring extra similar project value, $1.5 more per share.

So according to the prediction, the unrisked SP could reach $3 per share.

the figure you mentioned, 30c per share is 10% of the unrisked SP target. ATM is fair as risked SP valuation.