NDO 1.83% 83.5¢ nido education limited

what's the downside risk?, page-17

  1. 2,124 Posts.
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    OPT

    are u sure gindarra is part of farm out

    also yes... a couple of mods but same outcome

    just a guide

    thats is for gindara only

    476mbl
    35%recovery = 166mbl
    oil at $70US
    costs 25$US/bl
    leaves = US$45/bl * 166m = 7470m
    aud 70c to US =AUD 10670m
    ndo's share 60% = AUD 6402m
    less govt take 60% = AUD 2560m
    field life 20yrs say 28000bl/day on 300 days/year production.

    so project earnings = AUD2560m / 20yrs = 128m p.a.

    price to earning ratio = 10

    10*128m = 980m

    divide by 1 billion shares = AUD 1.28
    note 35% tax is paid out of phillipino govt share

    thats my rough calcs i know theres some assumptions there, could be better could be worse

    any comments from others?
 
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