comparison, page-2

excellent work Stayhere and thanks for sharing it here.

you're figures & the assumptions factored in all look very plausible to me.

what they highlight is that even a takeover at twice the current share price (ie at $15-$16) would be a far less attractive alternative to the gains to be made if EXT was allowed to go into production (s.p. AT LEAST $30 on a PE of 15).

with a conservative 50% payout ratio, a dividend of at least $1 per annum would be a reasonable expectation..... that's a 12.5% ff yield on the current share price.

It's a truly a unique investment opportunity at the current price and your work clearly underlines how cheap EXT still is despite its stellar run this year.