The 409,810,055 EOR (tradeable) and 562,539,636 (untradeable) @ $0.009 gives a MC of $8.75m. It's great to see the HC MC is correct.
In relation to the DCF I prepared many years ago, I'd need to dig that out. From memory I think I came up with a value north of $40m, that'd be reduced now due to production from the field and depending on my assumption of the oil price at the time. Saying that the gas price has increased over the years so that would have a positive impact on value.
Once the NOM is released I suspect this will include the Independents Expert Report value of the project.
EOR Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
