Industry valuations on Page 14 show average gas contingent resource valuation of around 40 cents per mcf (although these were onshore project transactions).
Cott's 40% share of Pandora - approx. 320 BCF (320 million mcf) could then be valued (if above is any guide?) at up to $128 million.
Accuracy of this valuation is ofcourse open for debate!!
BDM Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held
