GDN golden state resources limited
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  1. skyrocketer
    1,496 Posts.
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    05/03/12
    16:40
    Post #: 9795383
    The POVOROTNOYE gas field has 61 bcf P50 resource estimate by AWT International.

    61000000 MMbtu x $2.4 = $146.4m.

    61.2% interest of GDN = $90.9m

    Taking off 50% risk (P50 being having better than 50% chance) and further 30% discount on SP,
    could GDN be valued at 3.2cps or MC of $32m? ($90.9x50%x70%=$31.8m)


    GDN Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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