Nasty - you inspired me to do a quick valuation breakdown based on your last post
My valuation as follows
12m in reserves x 25 = 300m
65.1 in usd cash plus 67 m in RSC NPV plus 20m
( risked heavily) for future RSC value 152 m aud
Beibu 3 m barrels of resource awaiting reserve conversion on FDP approval - risk by half 3m x 12.5 per 37.5 m
Hzn free carry 10m
Other assets including bmg gas - 10 m
= 509 m or SP of 74 cents
Right in the zone of broker valuations.
I should also deduct 20 m for corporate expense so 71c is today's value . Thus brokers valuations are on the money Nasty .
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