Valuation Very Good

IIt's only a matter of time before this stock moves over 20 cents
I believe the past issues have left and the company is once again heading for up and up
Good luck to all



Valuation from the announcement from Breakaway Research Pty Ltd

Given the resource upgrade, we have updated our valuation for Transer
v, as shown in the table below. This gives a base case
valuation of
$0.19/share, with upside to $0.38/share. The base case valuation is at a 73% premium to our initiation valuation of
$0.11/share, and at a 230% premium to the current price.
This is based on the Potential Recoverable Resources, and is risked, with a risk fa
ctor of 50% used for Contingent Resources and 10%
for Prospective Resources.
We have used an un
-
risked value of $0.71/GJ, calculated from an NPV
10
valuation with parameters as
used in our August 2015 Initiation Report