PC,
How about these numbers:
Let's plug some conservative numbers in:
120M BOI (as stated by the company)
INP share = 90M (75% share)
15% recovery = 13.5M barrels
Value in ground = $35AUD per barrel.
total value = $472.5M AUD
Divide by 180M shares(including options)
= $2.62
What are your thoughts on this calculaton and did you arrive at 4.60 can I ask.
If you have posted previously please post calcs again.
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