$7.5 per share valuation

Unsurprisingly, Trident prospect has exceptional un-risked upside estimated to be $7.5/sh.
Notwithstanding the significant risks around these assumptions and valuations, we consider the risk/reward proposition to be highly compelling There is a significant divergence between potential uplift in valuation and market capitalisation and while the result is ultimately binary the compelling risk/reward proposition justifies an investment.