They have 50 mill or so in reserves and only have a MC of 20 or so mill.
They are going to start having revenue commencing next week.
The south sprint well is a dark horse and could be worth many multiples of the sp.
I would like to think that conservatively MDA would be worth in the order of 5-6c once they have all wells up and running by June 30th. Any surprises will just add to this. This does not take into account the south sprint well. That could be worth anything depending on what they find.
MDA Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
