"If you make that change, EV is $53M and using midpoint of flowing boped of $50K against 1,050boepd (FTM avg) the valuation is $52.M. On that basis SSN is already priced at the 1,050 boepd production level. Of course if $75,000 boepd is the multiple you feel is appropriate then EV = $78.75M less debt of $17.5M = MC = 61.25M = US$0.43cps (ADR)"
The example of LEI on the. Other hand shows us very well what is possible on the momentum side.
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SSN Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
