To add to that smack, identifying the actual expected cash flows from their production allows you to specify the minimum share price.
I'm not specifying we should obtain a "true" estimate of the SP because that would be stupid with ridiculous assumptions, i just though it would be very practical to place estimates on the value attained from production. These present values estimates place a resistance value on the SP, which we know it cannot go below - thus placing a safety net on our investment.
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To add to that smack, identifying the actual expected cash flows...
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