palta delays, page-5

Thanks for the link Dude

Hartleys puts a value of $82.5m on a 1/3 share of WA460P
CMT has approx 70m fpo issued so on an unrisked basis success at Palta equates to around $1.17 per share.
Risked would be approx 12c pshare
Hartleys goes on to say that full value would not be realised until the j/v drilled their own well to prove their ground.
IMO it is more likely that the Shell/Mitsbishi alliance would buy the asset should Palta prove economic.
A likely would be multiples of CMT's current market cap of $12m.