Fundamental Value, page-123

"At least the 1c figures a solid commercial quantities for a development, if we get the 3c it would be a dream discovery." - Yes, even using conservative estimates, 1c figures for Dorado still look great. Basically the SP is potentially trading at below the value in the low case 1c scenario which suggests very deep value if you've got the patience for it.

The numbers really back up Fred Wehr's comment from Quadrant that "I'll tell you that the low case is solidly commercial, the mid-case is awesome and the upside is staggering."

Everyone is welcome to continue to build on the spreadsheet their own assumptions, as feathers has and share it with others. It's interesting to see everyone's take on it, much better than another thread on TA imo.