same dance, just a different year., page-32

Panda,

Another great post. How did you calculate the $50M in royalties? I presume it was a figure you plucked out of the air. Anyway, $50M in royaltes divided by 1,000 Mill shares (557 Mil current and say 433 Mil future dilution) gives us 5 cents a share. FANTASTC UPSIDE. Not many will get their monry back.

PS Have ignored any allowance for gas. They have got 1 mmcf per day for their last 5 years of slow work so I have allowed another 1 mmcf for the next five years of work. Only will pay the directots salaries and GDN running cost. Nil return for sharholders.