The real question investors should/could be asking themselves is what market cap this company will be trading at, if say a break even quantity of sales were contracted? I estimate this break even quantity to be about 5 to 15 barrels of product per day.
Given that this product could apply to a good fraction of middle east oil, most of Columbian oil, almost all of Venezuelan oil, etc etc, I say that INK could then be trading at $50m to$100m market cap. My logic is that the market will see an upside in the billions.
my call is that the next contract that will infer breakeven quantities will see 20c to 40c in SP. This before it starts its journey to +$1.
Could be one announcement away.
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.425M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 65188 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 2962937 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 65188 | 0.003 |
11 | 8750710 | 0.002 |
8 | 8820003 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 2962937 | 3 |
0.005 | 2337160 | 4 |
0.006 | 137207 | 1 |
0.010 | 27700 | 1 |
0.011 | 103000 | 1 |
Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
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