JG the valuation appears to be on known reserves so a reserve increase could only jack the sp from their $1.10.
The bigger the increase the bigger the sp.
See what happens to the sp when they ann their first pour next year.
The report was right when it said that the CRC news may take some time to spread and when the "sophs" finally unload their 14 centers there could be real action.
At 17.5 cents CRC looks ridiculously cheap.
JG the valuation appears to be on known reserves so a reserve...
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