Smart, we know we are targeting 1 billion barrels with 300 mill recoverable. For the moment, let's forget about this 4 bill barrels noise, because that's all it is for now until proven otherwise.
20% of 300mill is 60mill net to RMP. At a reasonable $4-$5 per barrel that would still value RMP at over $1 per share. If you add to this Georgia and Shabell North which both will be worked on this year then this could easily go to $2-$4 or more.
Given the above, once again, how can you say the share price is over valued? Yes, if we hit a duster in S1 and more granite in Georgia I totally agree, but until we know the results stop spinning all this valuation crap. Let's not forget that S1 already has a proven working petroleum system before we even reached the primary and secondary targets.
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Last
2.5¢ |
Change
0.001(4.17%) |
Mkt cap ! $14.37M |
Open | High | Low | Value | Volume |
2.5¢ | 2.5¢ | 2.5¢ | $15.74K | 629.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 75662 | 2.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 423326 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 75662 | 0.024 |
2 | 386956 | 0.023 |
2 | 659999 | 0.022 |
2 | 800000 | 0.021 |
4 | 439995 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 423326 | 2 |
0.026 | 675000 | 2 |
0.027 | 1656781 | 6 |
0.028 | 1079231 | 3 |
0.029 | 150000 | 1 |
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