I keep coming back to the low market cap. After yesterdays bloodbath it is back in the vicinity of $13 million according to comsec.
The figures quoted from yellowbank and smegsy alone reveal resources in place above the current market cap. OK it will take time to produce and sell all of these resources but at least now EPE will have an income source to fund a more aggressive exploration and drilling campaign.
Their website reveals several high risk/high reward projects scheduled for 2005 that now should be fully funded and paid for by the production from Yellowbank and Smegsy.
EPE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held