No, that MC was as Jewell was in flowback , just before the $9 million was raised at 3c for Rangers.
Profs modelling was for NPV 10and I think that came in at a 7 c valuation ( can’t remember the commodity pricing that was based on).. his modelling was damn good considering it was based on Jewell extrapolations, and in light of the 5.7c valuation fromMST which came of the back of a lot more data.
Banter and General Comments .. BRK, page-11750
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