Stock Price Pick, page-30

If CNE finishes up 10%, thats about GBP100m (mc of GBP1b x 10%) which is roughly $200m.
That represents CNE's 40%
So FARs 15% = $75m (15/40 x 200)
And FAR mc of $270m equates to a sp of 10c
So sp should go up 75/270 = approx 1/3 = approx 3c
So sp tomorrow should be around 13c

Is there something wrong with my calcs?

I understand that the effect on FAR will be greater than it was on CNE but even if you double the suggested 3c increase you still only get to 16c.

And the Hartleys valuation (for Senegal only) puts the sp at somewhere between 21c (risked) and 234c (unrisked). How can the risked price (21c) be greater the the current share price anyway?

Don't shoot me! I'm just an interested holder