And let me also say, based on strike lenght differentials, a realistic target is clearly:
14/8 times as much tonnage as MGX
ie, 14/8 * 200mt = 1.75 * 200mt = $350mt
With 350mt earning:
200mt = $100mn
350mt = $100mn * 350/200 = $100mn * 1.75 = $175mn
WITH, $175mn cash backing, SP = $1.75 on this one project alone
BEST CASE: They firm up in excess of 14km/8km*200mt tonnage....... = who knows what......
Below are some images provided by the company that have been anotated on ASF by YT.
comparative value, page-2
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