Green Leader's research values BSM at 47.6c per share (post...

Green Leader's research values BSM at 47.6c per share (post equity issues, i.e. now).

I don't agree with adding sunk exploration expenditure to the valuation and I also think the discount rate used is too low but it seems to make a case in excess of 30c per share.

Has anyone done any more valuation work that they want to share?

The blue sky potential seems well in excess of 50c but I'm more interested in a current, conservative view.


Thanks for all the comments on the management team. My research has not found any contrary evidence though it is hard to find much on this team that isn't produced by BSM.