London presentation and the Cenkos note. Cenkos gave their CCOS, DW quoted various GCOS and CCOS during the London presentation. Cenkos gave a 15% CCOS for Steller, however DW said 50% CCOS during the presentation.
Cenkos use their own CCOS to discount down the unrisked value to risked value, therefore its generally much lower than the real CCOS.
Charlie-1 target valuations Mean/Low/High, page-3
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