This production Gig is all too hard LOL so lets just sell the farm! BBM Reserves 24 million tonnes x US$5 = US$120 BBM Resources (nit converted to Reserves: 200 million tonnes x US$2 = US$400 Road as strategic asset US$25 million Batu Tuhup as Strategic Asset (invaluable to Petrindo) US$ 30 Million Various Barges, trucks etc US$5 million. TOTAL BBM: US$580 BBM owes Eddie US$22 million. So lets say Residual Price US$540 million. BBM 40% holders: US$216 (nice pick up for doing nothing) BBM Cokal 60% US$324 BBM owes us US$40 million So total to Cokal: US$ 364 While fantasizing Toss in another US$56 million for our 75% of TBAR and BPP. TOTAL: US$ 420 Million Total AUD$ 646 Million Per Cokal Share: 60 cents. So as you all know I do not really propose selling the assets AND this is full of assumptions and generalities and suspect logic. However does it suggest that we have an asset valued at 10 cents a share? ALL IN MY OPINION DYOR
CKA Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
