How do you value a company with a discovery already done and such a large appraisal and resource size plus huge cash balance at a 200 million market cap when your ramping on the IVZ forum with no discovery yet with a market cap multiples from here? Should you not be worth significantly less? You have nothing so why you a 300 million market cap?
How do you value stocks? common why is MAY with 126 million barrels of oil about to be appraised largest in more than a decade deserving 200 million market cap which is the same as 88e which has nothing ?
May Chart, page-4606
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