Expecting news soon regarding a joint venture.
With 100's of millions of barrels of oil potential,
even if they only have 20-30% share left and are free carried with a drill schedule.
This should send the share to 10c+.
Then the lead up to the drill should have the share price to the mid teens.
The market cap. Will still be under 50 million which is not a stretch by any means.
Any success (ie. 20% of 100 million barrels at $10-15 in ground)
Could value the company north of 200-300 million which equates to a share price of anything from 50c - 90c !
I believe there is better than even chance of this happening.
Anyone who is down enormously lately me included could make up their losses.
I have bet big on this over the last few months.
With the recent pro oil/mining government policy
Mongolia could be in favour again with the larger oil/mining companies.
The stars look to be aligning here !
Good luck everyone, hoping to have a few of you follow or join me on this journey
GOT A GOOD FEELING ABOUT THIS.
Thanks
John
WOF Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
