I think that $2 per GJ is fair considering it is 20-25% of the...

I think that $2 per GJ is fair considering it is 20-25% of the current price per GJ. A generous discount rate was applied to remain prudent as to what I understand of the calculation.

I've seen markets under/overreact to all sorts of news so we will have to wait and see how this plays out after the PJs in the BANKABLE ASSET are announced.

even a $1 per GJ gives us a BANKABLE ASSET of $300m at 300 PJ 2P.

that's $0.6 share price. Still healthy but very conservative.

IMO DYOR GLTAH