SC you have completed an evaluation in the past that got quite a bit of attention on the NWE thread, have you had a go since then?
I'll get you started ;-)
Bharat were prepared to pay up to $10 million for 27.803% of EP413 which was at that stage untested and unproven... See ANN 19/8/2010.
125,530 Acres x 27.803 % = 34901.1059 Acres
$10M/34,901.1059 = $286.52/ Acre
We have significantly value added to EP413 since this deal was made.
As you can see things are slow going at the moment. I really would like some NWE figures to punch into the calculator... DYOR...
TY
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- ctp jv valued at $12-$15 per acre
ctp jv valued at $12-$15 per acre, page-8
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