Is next week the week for #TRP ⁉️

From the note below…

5️⃣0️⃣0️⃣% upside now from this level. 

…i am sure most will be happy with 50% plus!! 

“…The above Risked NAV reflects Tower’s portfolio at the equity levels proposed in the farm-down agreements. SPA estimates are broadly in line with the independently assessed contingent and
prospective resources on the Njonji structure, together with certain near field prospectivity supported by 3D seismic and with estimated geological chance of success based on the 2020
independent resource report. The agreement to farm-out a 25% non-operated interest in PEL96
to Prime for $2.5m cash at completion is significant as it assigns a see-through valuation ($10m gross) for the high risk/impact frontier exploration licence in the Walvis Basin. However, at this
stage we think it is too early to include Tower’s exploration prospectivity as part of our 0.16p/sh Core NAV valuation and target price, which provides over 300% of near-term potential upside for investors looking to speculate that with a farm-in now agreed, the Cameroonian authorities
will approve the farm-out and licence extension to enable drilling of the NJOM-3 well this year…”