Mauritania, page-8

HDR then 11 cents, maybe the oil is leaking out of the bottom ofChing as we speak. Your maths is about right but HDR holds 30% of TP15, Twin lions is 60% in TP15. I came up with 26 cents using 400 mill shares and $6pb Oz . Anyway good luck with your valuations. What do you think Ching is worth (tip 26 cps up to 66 cps depending on recoverable and $ pr Bbl used, ignoring tie ins) and for that matter Banda? Maybe someone will pay me to take up HDR shares at this rate. If you do the numbers even excluding Banda HDR is getting stiffed. No expectation built in for Twin Lions. Oh sorry Jingemia 3 to 7 cps to HDR as well. Oh yeah their cash is worth 10 cps too. You work it out.Plenty of brokers reports out.