Hola,
If you look at when F.I.D. was announced for PLS and CXO, you will see a remarkable similarity.
Here's the PLS one again:
Core were 41c when their F.I.D. was announced. PLS are now $3.43.
You can't compare apples to oranges, but if we do use them as an Explorer turned Producer role model, then we should be looking at a SP of around $2.26 for Core when producing. That gives a MC of a shade under $4bn.
Looks about right to me.
CXO - Chart Thread, page-2783
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11.5¢ |
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