if some one can find any information in the latest financial report that says "this company is worth $64MM" i'll eat my hat".
read through the report and nothing comes close to that figure. sadly it's still making a loss per share, pity they don't have a decent revenue coming in.
so in my opinion perhaps a few people here have their head screwed on the right way.
relative to where this company are people are paying a premium.
another thing to taake into account is "successs rate". this company are quoting BIG FIGURES in regards to potential resource.
drilling ratio you might get 2 out of 5, so for every 5 wells drilled you could expect 2 successful wells. this really cuts back your potential resource.
if you think i'm wrong ask the M.D re: wildcats.
too many here are sprinting, rather than taking a nice
leisurely walk..
....
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