NAIF and Comet, page-5

40c would be a reasonable take over offer now
if we get to production we should be trading at 5x earnings with a take over at that point at a premium to that

what will our earnings be -
very rough back of envelope calculation from someone with very little knowledge of gas operations
40-60tj/day
profit per gj 8-9$
50000x$8.50 = 155M x 5 = 775M market cap
77.5c per share
this doesn't factor in capex but gives a rough guide to the potential of the project at current commodity prices
anyone willing to critique these number I would sure appreciate it