Ok so rough as guts non industry volumetric analysis of N and Alameda
Say 1000m deep
Say 5000m wide
Say 2000m long
Say Porosity 10%
Say Recovery 20%
= 200M m3 = 1.25M barrels or 377M net to Melbana.
At NPV of $5/barrel that’s $1.9B net to Melbana and divided by 3.2B SOI fully diluted that’s SP = $0.59
May Chart, page-44
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