ELK elk petroleum limited

Elk revenue will equal its current market cap35% of 12,000...

  1. cya
    3,836 Posts.
    Elk revenue will equal its current market cap

    35% of 12,000 barrels per day is 4200 barrels @ 85 that = $357k per day....so every 99 days in 2014 Elk will earn its current market cap

    or put another way

    attributing $30 to costs ELK will earn $55 x 7m barrels would be around $385 M profit from 2014-2018

    Lets say thats generous and we only end up with $300M

    This would mean the company could close down and pay us roughly 70c a share each year for 4 years

    and people moan about the share price

    I dont care IM happy to wait

    all a bit of fun :) but its very near literally the truth








 
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