Western ForelanA casual observer would calculate the value of Western Foreland based on the results just published on Makoko/Kiala But that would be wrong. If this discovery was made by an independent company, their share price would have exploded, For arguments sake,to a $2 billion market cap. That would have been reasonable. But that is for only a small portion of the tenement. If, say a twin of Makoko were found, which is a probability, you are looking at $4 billion market cap.
Ivn has a $10 billion market cap U.S dollars, subtract Platreef (200 billion equivalet ounces) $2 billion and Kipushi, $1 billion, say $3 billion, which is reasonable, and $4 billion for an expanded Makoko/Kiala, nets $3 billion for Kakula.
I'm looking for a triple, $30 billion market cap.
Comments welcom.