Traveling at the moment so just trying to keep up.
Leec so sorry for the delayed response to your analysis.
Your 100% scenario is right, but for the scenarios where Gecamines still has a share you need to calculate the total revenue then take out Gecamines share of the revenue then deduct ALL of the costs $1.04 Opex. We pay for the lot Gecamines gets their 40% of revenue. That's why their share is so acretive....
TGS Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held