Current market cap $46m less say $9m cash gives eneterprise value $37m with proven oil reserves in turtle barnett and proven working hydrocarbon sysytem in Morocco as well according to previous drills.
Much rather buy a 45c company with a MC $46m than a 10c company with a MC of $100m, all else being equal.
Not going to stay under a $100m market cap for very long in my view, based on comparisons to other companies, fundamentals and technical set up on the charts.
As they say, the ducks are lining up!
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