Ann: Gurvantes XXXV Environmental Impact Assessment Approved, page-54

$1 billion per tcf if it’s to be sold. Rarely valued like that on the asx. Till a buyout happen.

33% to TPD

MId case scenario approx. 6TCF

2 billion added to MC of $54 million.

Divide an MC of $2 billion plus $54 mill
by the over 6 billion shares on issue and we start looking at an SP of 30 cents fully valued.

Of course full value Is never reflected in the SP, but you can see there is enormous upside here on Mongolia alone

It’s a buy