I calc hard cash backing at 0.041, inclusive of crudely discounted Way Linggo NSR, EV of about 0. Effectively all the Nordic assets are free IMO. A few recent posters might agree on that....
Inclusive of the Way Linggo NSR, the cash (&equiv) backing is higher than market price. However, I'm not really sure how to discount the cashflows, this is a stab on the assumption that once the project restarts in say 2 years the royalty cap will be reached sequentially in 2-3years with no WHT payable by KRM.
Questions: Are there any progress updates on Way Linggo restart? Who are Capwell Global?
