RE:RE:RE:RE:RE:RE:Upsizing of Initial Public Offering to $150 MillionJust doing the math in my head, if TWM owns about 25M shares of LCFS out of 36M total, their holdings are worth about $375M. Which is about 80% of the market cap of TWM at about $450.
Numbers may not be exactly accurate but I think it's in the ballpark. If you back out the cash payment from LCFS you get an EV of just over $1B, but if you back out their equity in LCFS the rest of TWM is worth about $700M.
The Pipestone gas plant alone is probably worth $300M.