value of sd, page-6

Believe, I think you need to add a lot to your calculations. Recovery rates, capex, operating costs, financing costs, etc. That's why the NPV per barrel assumptions are usually in the $10-20 range per recoverable barrel. Way less than 5m barrels recoverable for VIL.

In reality, it's more like a maximum of 2m barrels @ $20/bbl = $40M

Then you have to account for political risk, financing risk, etc.

When you combine all of this with VIL's track record, I see a max valuation in SD success case of around $20M, or one cent per share...

Just my opinion of course, but I see a lot of obstacles to rising above 1cps

Cheers,
-SF


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