I should have used a calculation to illustrate but was too lazy to go to the DFS for actual $$ for the asset and I am not an analyst but put it another way in very simple $$ terms:
The current MC is $54M at $0.043 per share if an asset sale generated ONLY $150 M that equates to $0.12 per share
If they sold it for $200M = $0.16 per share If they sold it for $250M = $0.20 per share
I would not mind $0.20 per share as a fall back option
The post- tax free cash flow of the project is nearly $1.5 Billion- so $250 M would be a steal
If someone is good with figures can they estimate what an asset sale could generate- thanks in advance
IMO DYOR
IBG Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
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