Is Tamboran Resources (ASX:TBN) Trading Above Fair Value On Book Value?

Tamboran Resources has delivered a strong 79.2% return over the past 3 years, which naturally puts the spotlight on whether the current share price still lines up with the value sitting on its balance sheet. With the stock last closing at A$0.255, the key issue for investors is how that market tag compares with Tamboran Resources' book value per share. The 79.2% gain over 3 years raises the question of whether the share price has moved ahead of, or in step with, the equity the business has...