RE: 30% increase this week4 Apr 2020 07:52
The third alternate valuation route is to simply take the NPV on the project that has just been newly assessed at just over $1.05bn. Assuming a post farm in residual 30% interest in this results in a value of $315m. Based on the current FX rate this is a quarter of a billion pounds. If we halve this, halve and halve again for the risks still attached re completion in order to be ultra conservative, we get to £31.25m. Based on the current share count this produces a 10p per share level.