BLU FUTURE, page-362

What are peoples best estimate of the company mrkt cap, once production go ahead happens. How much will blu need to raise to move ahead.

i dont know at the minute, but lets say they need 250mil, 150mil could come from a bank loan, with 100 from cap raise.

Smart mgmt would release the drill results, firm up resource, before even talking about when prod'n etc.
Why?. The higher the share price, the less dilution to go ahead. Cmm drove the stock from 8c to 16c before declaring a cap raise.

After the raise, expect a 10 or 5 to 1 reverse split.
Why?. The market perceives quality above that $1.

I expect 1bill could result from just bowen, simply be ause many people will jump in knowing the potential.

1bill - 250mil =750mil. 750/130mil current = 5.76 × 9.7c = 55c. I still allowed the full 250 investment to come of the mrkt cap, but what this shows is 75c is acheivable, if they go ahead AND rumours of another basin fast track.