value of 88e - here is a try... (based on some 88E info published in the broker reports as well)
2mill cash + 3.5mill license + 85% of 16mill drill value (which they get for free other than the finance costs) + 75% of 3D seismic (?? how much ?? 15mill total ??)
so thatd give some 30mill plus for 88e in real value perhaps... one could argue about their stake not being 100% but then there is no intrinsic value in this so if you leave it at roughly 30mill for now, that means 88E is currently undervalued.. 30mill would be about 2.6cents sp..
(not sure why these brokers cant do their job properly).. hahaha...
88E Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
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