I'd be tipping it in at least 42c based on our original Togo high. You could probably give this some additional padding given the amount of detail we now know about Togo and the size of the deal.
On the flipside, we have our management dead keen on making BMB a $500m market cap company - this is $2 per share, with currently just over 250 million shares on issue - not exactly unbelievable if you look at SIR (although we aren't SIR, so try not to make that comparison).
Given likely cost of investment in Togo is around the $500m mark, you could assume the value of around $100m would be added to our market capital, based on similar comparison of Monty, being valued at $32 million and the recent discussions on here valuing it at only $6 million. This would give around 40c shareprice.
BMB Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
