1:500, page-67

You need to work this out using the number of MIN shares on issue (190,095,350 aprox.) and not 20% of the suggested $10 per share. The article suggested it is worth an extra $10 to MIN shares.

$10 x 190,095,350 = $1,900,953,500
20% of this would value NWE @ $380,190,700 which is even lower than out current market cap.

I do not mean to insult your intelligence I am just pointing out that this is not a rosy figure, and it severely undervalues what we truly have.