Ok guys did this quick calc today, bit surprised with the...

Ok guys did this quick calc today, bit surprised with the results. Based on the Vitol farmout cash, with the remaining assets priced based on what they would pay for them at the same rate :

Cote d'Ivore interest:50mil / (.65) = 77mil
Ghana interest: 7.7mil/(.2)=38.5mil
Cash Balance+Petroci Payment ~=20mil
WA permit ~ 5 mil?
Cap Raising~ 16mil
/--------------------------
US dollar balance:156.5mil USD
/------------------------------
AUD dollar (@ 92US) cents balance:
170.1mil AUD

Number of shares prior cap raise: 682,929,991
New shares (sigh):472,000,000

Total Number of shares: 1,155,000,000

Share price = 15c


Also assumes that the unlisted options won't ever be used (no danger of this lol). Given that everyone thinks Vitol got the best part of the deal, I would say this is conservative? Did I make a stuff up somewhere? Obviously assumes Vitol farmout will proceed etc.