What is the cost of the sales ?????? If we continue drilling we continue to add value and increase sales.???
THE POINT I AM MAKING IS THAT IF WE DIDNT DRILL ANY MORE WELLS WE WOULD BE DEBT FREE WITHIN 16 MONTHS.
Even with well decline which is universal. In 5 years time AZZ would have around 100 million in cash, no debt. Maybe another 200 million from selloff of acreage
300 million cash. 260 million shares. It really is a no brainer.
If the 590k loan is repaid within ,lets say 2 years then thats a whopping $ 70,000 interest saving. Get real Julia gillard spends more on makeup and your all paying for that.
AZZ Price at posting:
41.5¢ Sentiment: LT Buy Disclosure: Held