MRP Target 0.60 + (0.75 to $1.25) With a risk of a blast from an unnamed expert, lol:
- Consolidated 2C $2 per barrel 100 M from U7 and U9 for TSB 54% net MRP = 54M assuming warrant expiry 180 FD = 0.60 per share (matches Cormark MRP price target)
- Also add MRP tax loss credit $28M = 0.06 per share
- Plus 120 % capital and operating cost recover to MRP through TSB production (value ?)
I am going with 0.75 to $1.25 based on management opinion for takeover valuation