RE: Fundamental Valuation17 Sep 2018 18:17
Thanks Aalanani1.
From my perspective unrisked resource base at $170m is linked to a defunct development plan (fertalizer) where the economics where the were not compelling so my suggestion is that the 75% is linked to a blended average of the NPVs of the 3 scenarios highlighted (FLNG, Bioko Island, Golar Hilli). Being conservative let's assume for now this is USD190m, not USD170m.
In addition to which the FID would need to stay constant at USD25m. No need to risk this given this is a given.
Then,
Valuation of USD190m + USD25m (FID) + USD 80m (cash)/ 327m shares = USD 0.90 or GBP 0.70