What’s a 16TCF Discovery Worth To Share price

Just for the gas only and not taking into account other new field discoveries and using the higher estimates for gas price, it appears a 8.2TCF recoverable gas discovery is worth about NPV US$5.3Billion at gas price of US$8 per mcf. Let’s assume using the same graph that a 16.4TCF recoverable discovery is worth about NPV US$8Billion. Let’s say US$8Billion is equivalent to AUD11.5Billion NPV. Then divide that by current market cap of Invictus which is AU$236M, you have a share price potentially about 48 times the current price which is $15 a share (net present value).