9c would mean a M/C of around $144M....sounds like a lot for this minnow but could be undervalued when you consider it's assets, cash flow, cash forthcoming, location, etc.
There's a lot of shares on issue - 1.6B+ - but the market valuation atm alone demonstrates it's being taken seriously and risen from the ranks of the penny dreadfuls.
Hoping for us all that she continues her ascendancy...
Regards,
chicken
f/a on future value per well???, page-3
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