04-15-2013, 10:32 PM
'CesiumFormate' pid='20762' datel Wrote:What I believe is interesting is the last paragraph. Quote The PNG government is usin separate Elk-Antelope estimates made by Gafney Cline Associates, which have not been made public. End Quote Full sell-down announced through Triceratops with an announcement of the governments numbers from GCA could put Interpil through the roof. Pet and others I believe have estimated over 20T's. If IOC is sold down at Pacific Rubialis numbers we will see an asset valuation of 20T X $2.65 X 67% = $35.5, or about $790 per share. If IOC trades at a 50% discount, the value would be $390. We are trading at $0.65 per share based on IOC legally published numbers, but maybe it is $0.32 on GCA numbers. I have no insight on this. I absorb more than I contribute. This is how I put the puzzle pieces together.
Both GLJ and GCA resource estimates support 8mtpa start-up.
Appears the Gov't has a party buying into their stake, the smaller the stake the smaller buy-in.