I thought I'd have a go at calculating what I think could be the potential Share Price for ELK once 8,000 barrels per day can be produced in 2.5 years time (it's a bit of a long time for traders but not for investors)
8,000 barrels per day = 2,920,000 barrels per year
Assume exchange rate is $0.94 = A1.00
Estimated price per barrel=$80.00=$85.10 Australian Dollars
Sales = 2,920,000*$85.10 = $248,492,000.00
Assumption: Operating profit of 15% (this is already net of expenses in relation to debt and CO2)