SPR spartan resources limited

Take over premium ?, page-117

  1. 3,562 Posts.
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    Undaunted,

    Honest question.

    Do you think if they were in production our share price would be higher than what it is today?

    But isn't there a flipside to that argument? If the MRE comes out strong and further drilling to the north of NN shows something we would be equal or higher ?

    Here below is the base case numbers and a matching valuation based on the drilling thus far.

    https://hotcopper.com.au/data/attachments/6307/6307288-e58c71bf447a8b40ec948dc7b7337f66.jpg

    https://hotcopper.com.au/data/attachments/6307/6307285-5ac9e47363e61978609c9f0e9087157e.jpg

    If Pepper really grows and they get more out of WW, Four Pillars and Sly Fox then for me, this valuation matrix is underdone.
 
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