tap worth at least twice current sp on my calc, page-13

Chief
That's good as a year ago they had it as a hold. Not wanting to read their analysis but I was interested to know how they derive their valuations.
My guess is the valuations include
manora
Zola
Gas contract
Reserves
Cash
But probably excludes
Value of wa351 based on recent deal
Value if Ghana
Assumed value of Brunei
Value of other permits ( which I also haven't included)

Can you confirm

With Brunei sell process well underway my guess we will have another few million banked by July