ELK elk petroleum limited

oil recovery could mean billions, page-10

  1. 17,319 Posts.
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    Werley,

    revenue maybe 1.7 bill but profit more like 6-700 mill

    I base their return after profit at 700 million (estimate)
    SP should then be approx $3.50 minimum on 60 mill shares.

    700 mill over 20yrs(guess) @ 3000 bpd (another guess)

    $90,000 day for 20 years- nice income

    SP should be double that of INP minimum .

    Still im selling Monday morning, cant change my approach, will get back in again on a dip, made my profit for now, or will do Monday morning.

    Those holding wont lose from here imo

    I prefer ELK to INP, ELK has independent figures, INP have made up thier own, big difference at this point.
 
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