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IMHO  30 MTPA export after operating costs = minimum earnings 1Billion USD

SDL is not a bank where ones capital is safe and average returns are about 7% ( today but not allways the case). So with SDL we would want double that return say 14% .

So a potential buyer /takeover of SDL would get all their capital back in seven years

There for 7Billion USD divided by 2 billion shares = $ 3.50 . This would then leave the buyer 13 years of profits from the remaining life of the mine at todays resource estimates .

So if a buyer is happy with 7 years value of SDL  = $3.50 a share

                              with 8 years value of SDL  = $4.00 a share

                              with 9 years value of SDL  = $4.50 a share

                              with 10 years value of SDL = $5.00 a share

I hold SDL