Ann: Results of Georgian Helium Survey , page-14

Smart
If I remember correctly one of your posts on LSE, you worked out the expected SP of RRL using a 70% chance of success on the three Georgia blocks and you came to a price of approx 28.5p a share. You then went on to say don't sell these shares for anything less than that because they should slowly reach that price before drilling in Georgia commences.
Using the same pricing model what do you think the SP of RMP should be just before drilling?
My simplistic calculations are as follows:-
28.5p - say the sp then 8.5p = 20p x 1.6 billion = ?320m
If you give a value of zero to the other assets of RMP and just use this ?320m as a base figure then would I be right in coming to the following SP if not why not
320= 40%. Therefore 20% = ?160m.
160m / say 135 m shares = ?1.20 x $1.60 = $1.92 per share.
If it is good for the goose then why isn't it good for the gander?