OTCPK:WSRLF - Post by User
Comment by
canadafoxon Mar 15, 2012 6:37am
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Post# 19672570
RE: RE: RE: RE: Wzr sp
RE: RE: RE: RE: Wzr sp v; You are absolutely right and I stand corrected. Assuming this basis then WZR are an even more compelling proposition. TLM's total payments post-K-2 on Kurdamir will be x2 the current MC of WZR ( also noted here ). Assuming TLM knew what they were doing in continuing with Kurdamir after the B44 split then WZR's identical WI as a minimum can be argued as being equivalent in value. So, we have a WZR upside TODAY of 100% of current MC and this excludes; TLM's measure of their Kurdamir upside ( they must have assumed that there would be such ), Sarqala production, MQ production, Sarqala and MQ upside expected in 2012 and ALL of the other future prospects on Garmian. If TLM have performed a valid analysis on Kurdamir's value to them I repeat my thought from yesterday; 'Is there a better prospect in Kurdistan today than WZR?'.