Ann: Infrastructure Joint Venture Advances to the Next Stage, page-197

This production Gig is all too hard LOL so lets just sell the farm!
BBM Reserves 24 million tonnes x US$5 = US$120
BBM Resources (nit converted to Reserves: 200 million tonnes x US$2 = US$400
Road as strategic asset US$25 million
Batu Tuhup as Strategic Asset (invaluable to Petrindo) US$ 30 Million
Various Barges, trucks etc US$5 million.
TOTAL BBM: US$580
BBM owes Eddie US$22 million.
So lets say Residual Price US$540 million.
BBM 40% holders: US$216 (nice pick up for doing nothing)
BBM Cokal 60% US$324
BBM owes us US$40 million
So total to Cokal: US$ 364
While fantasizing Toss in another US$56 million for our 75% of TBAR and BPP.
TOTAL: US$ 420 Million
Total AUD$ 646 Million
Per Cokal Share: 60 cents.
So as you all know I do not really propose selling the assets AND this is full of assumptions and generalities and suspect logic.
However does it suggest that we have an asset valued at 10 cents a share?
ALL IN MY OPINION DYOR