bow ier report- 3p+2c value, page-23

Here's a funny thought,

Imagine you are Grant Samuel. You just put out this valuation and Bow comes knocking on your door.

"Hey Grant, we need an IER that says to accept this offer that is about what, 40-50% below what you just valued the same 3P reserves on.

Thanks bud!

grant to the team: great. you ever get the feeling we are less expert than independant sometimes?

Have to say, i wouldn't be too surprised if the Grant Samuel team feels like a bunch of clowns for having to try and justify this. I guess its easier to look in the mirror when you have 450k bulging out of your back wallet.