ELK 0.00% 1.4¢ elk petroleum limited

gas discovery valuation, page-20

  1. cya
    3,836 Posts.
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    This is the chart that got my attention, 350,000 barrels a quarter or 1.4M barrels a year, which is $85M a year (@$60) in revenue or $1 in revenue per share per annum.

    Which seems a lot for a share thats priced at 31 cents and a stock that is capitalized at $27M
    So whats it worth in 2011 with these types of numbers $2.50-3?
 
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