bby report

Anyone get an email with the BBY report from Linc staff?

Its a good read. These guys have been covering linc from the VERY start. They have a new 12mth price target of $3.53 and have gone through the entire NPV process.

Highlights include:

- Total CAPEX of $850m
- Total OPEX/year = $93m
- NPV @ 13% = $1.48B

Interesting to note that they have used long term oil price of $65/bbl. If you decrease the WACC to 10% and increase the price of oil to $110/bbl, the NPV comes to $10.01.