@strauss
This is from the DFS done a few years ago
Remember, this was calculated when oil was over $100/barrel compared to now $40/barrel. So you can realistically shave a big chunk of those opex costs off, likely 10-15% if not more
IMO it is a sitting duck for a lowball T/O bid once again - fully diluted market cap at 10c is only $65M
The other thing I like is that Platinum, the major holder has escrowed all stock and any option conversions for 2 years. However, all stock is held in their main fund which they are closing and have to make redemptions on next year. Therefore if they cant sell on market, they should be giving it a helping hand SP wise and shopping it around for a T/O bid to exit, as it's their only option
IMO it should already be 5-10c
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@strauss This is from the DFS done a few years ago Remember,...
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