"Arnstein values Jupiter’s current 2P reserves at 77.4 pence per share, while further prospective resources of 65 million barrels have a net asset value (NAV) of 53.3 pence. This gives Jupiter a total NAV of 130.7 pence per share compared to Friday’s closing price of 27 pence.
The analyst added that on an unrisked basis, the NAV rises to 367.3 pence per share."
SNAP!
http://www.proactiveinvestors.com.au/companies/news/24179/jupiter-energy-worth-significantly-more-than-market-value-says-finncap-24179.html
finncapp bullish
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