Wipeoff, you are saying that if a discovery of approx 200mboe (mogs share) is made, mog will only have a market cap of $70m - no chance. If a discovery of this is made you can expect that mog will at least have a market cap of $400m plus,as it will simply be a target for a take over. The share price could easily be valued $1, $2, whatever.... Major's will be all over these juniors in the event of a significant discovery.
There are broker reports issued on cue stating that a discovery will add $1 to their current share price. Sure they have a 50% greater share however mog is a 1/6 of the size.
Go to a forum where your comments are appreciated.
MOG Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held
