456.6 mkt cap

For the HC posters that have written so passionately about the LNC story for the last months when LNC was trading at 60 cents.

Remember one thing $1 is a notional price that represents a mkt cap of only $456.6 M..


LNC's OIL division is worth more than $456 M.

I reckon LNC market Cap should be at least worth $1 B

That's a $2 SP. If you're considering selling at 1.04 you'd have rocks in your head imo as the shorts have not even had a chance to cover yet.

There is a lot further to go.

Potentially this month we could have.

1) Increase in oil revenue.
2)The substaintial shareholder noticed filed ( unlikely volume too small )
3)GCL Poly signing on at different terms.
4)Updrade on the Shale Oil assets in the A Basin