Cap. value at 17 cents = $110 mil.
2p reserves = $110 mil
The following assets/reserves are additional to sp of 17 cents:
cash $23 mil
3p reserves = $100 mil
assets insured for $55 mil
plus the company is drilling their little heart out. Outlook is looking bright for MOS and the vol and sp is also looking brighter.
I hold options.
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