Havent looked at Mae for a while.
$360mil fully diluted.
More dilution coming? Most likely.
Simplistic comparison
MAE 20x the market cap of ELK.
Elk producing over 300BOPD
For MAE to be equal value to ELK it would need to be currently producing over 6000BOPD.
Dont even mention potential as ELK has got heaps more
Cheers
boom bust or bankruptcy ahead, page-3
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