Post by
Mat1791 on Jan 20, 2023 10:56pm
Back Of The Napkin
Valuations For Corentyne Block
(all assumptions, simple evaluation, no taxes or royalties, only for comparison purposes)
CGX
Port Value = $335,000,000 USD / 335,000,000 Shares = $1USD
(1B BOE @ 32% X $5USD per ) / 335,000,000 Shares = $4.78USD
Total Corentyne valuation for CGX = $5.78USD or $7.80CDN
FEC
CGX Share holdings = (257,883,000 X $7.80CDN) / 97,190,000 = $20.70CDN per share
FEC Coentyne valuation = (1B BOE @ 68% X $5USD per) / 97,190,000 = $47.23CDN per share
Total Corentyne valuation for FEC = $67.93CDN
It's late, I'm quite over the new cancer causing alchol limits so, mistakes are probable however my point should be evident...
Comment by
Mat1791 on Jan 20, 2023 11:23pm
Sorry to finish my rambling point... Using Mid December, CDN$s and my hypothetical 1B BOE CGX = $1 -has 8 bagger potential, pure Corentyne/Port FEC = $10 - has 7 bagger potential, Corentyne/CGX, not pure because other assets/influences could help or hinder Done...
Comment by
ohcanada17 on Jan 21, 2023 1:23pm
thanks Mat! Nicely done. Hopefully they're wrong on those new cancer causing alcohol limits or we're all in big trouble!
Comment by
Mat1791 on Jan 21, 2023 2:23pm
I hear you oH! By my calculations, if I want to average under for 2023 I need to stop drinking until July!
Comment by
whyworry on Jan 21, 2023 8:06pm
Playing the odds: 1 %.- chance of death from one alcoholic drink a day 57% - Wei 1 chance of success 100% - Kawa is a light oil discovery Cheers!