What an operational Pioneer Dome could be worth and what ESS is worth with an undeveloped asset are worlds apart.
I’d be happy enough for ESS to sell anywhere $200-250m plus for the undeveloped assets. The value in ESS was in holding for development/production, management have made clear that they aren’t up to the task however.
Two weeks ago I had higher expectations for long term value in my holding here, but my faith in management is gone now.
What an operational Pioneer Dome could be worth and what ESS is...
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