RE:ValuationYour numbers from above look similar to mine and with them you can come to an approximate share value using the net present value divided by the numbers of shares outstanding provided you can closely guess on a couple of other things.
Eventhough the initail cost is $40M I figure since they only have to borrow $30M that that becomes our initial cost number. Then we need to know the discount rate, the rate they are borrowing the money at. We can't know for sure but we can speculate based on some googling. Todays LIBOR rate is negative so the EIB rate + LIBOR is likely 5.5% - 7%. Cordiant as the second in line will be charging a few percent more but they only have 1/3 of the $30M so averaging it all out to 8% is probably fairly representative if not overly conservative.
Then we need to know cash flow and right now the only thing is OC's 300M over 10 years or $30M per year. And thats in American dollars.
Plug all these numbers into any online NPV calculator and you get $171,302,441.00 (USD). After Greenland gets their shares and all warrants are purchased there is a float of 132M shares for a present share value of $1.30 (USD) or about $1.73 CDN. And this is only with the OC deal. No doubt there will be more.
Sorry for the length of the post but for those of us in this for the last 13 years the next 12-24 months are going to be so exciting and I cannot understand why anyone would be selling right now