RE:RE:RE:How are we like Nevada Geothermal and how are we different?Assuming lender is Ok with waivers.. which I think they probably are.. for now..
If we take $52M less $11M, gives us.. call it $40M Ebitda for projections at 7X is 280M, less net debt of 250 ( 265 less reserves of 15) leaves 30M, div by shares is .08
Any extra out put or investment in a well is pure gravy.. Lets say you spend $20M to get even 10MW, you earn $10M on your $20M investment. This potential has got to worth something.. .02 at least.
All other projects.. assumed worthless but possibly of interest to some. Still assume .00
So, I do still think there are options for a sale at .10 or better, or JV, or ? that will realize more value than the stock is trading at today and since the .08 offering.
Gardner555