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22/11/09
14:24
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now, to have a stab at answering your question:
a PJ = 1,000,000 GJ
so, Tey have inferred 780,000,000,000 GJ
in origins defence of the BG takeover bid, they argued that the BG offer UNDERvalued origin at between 50c-70c per GJ.
so, lets use the lowest GJ value of 50c.
780,000,000,000 GJ X 50c = $390B
now we need to discount that for a) the resource is "inferred"; b) we dont know how much they can extract/harvest, convert & sell.
so, lets assume only 1%
$390B / 0.01 = $3.9B
so, it all comes down to that 1% - is it too ambitous? should we use 0.1% and only value it at $390m????
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