Keep in mind that most of the $22 million market cap is its share in BMX, the gas drilling is being valued at next to nothing.
However I think the markets issue is that each well costs money, and we have no conclusive idea on revenues at this stage. In fact they are almost going out of their way not to quantify any monies coming in.
Would also be nice if BMX got off the floor.
Still this stock feels like ARQ to me, they kept making minor discoveries with out discussing revenues, and then one day the market realized what was happening and it jumped 20x.
I am back buying and am currently at the front of the queue at 1.5 cents for 323,022 shares, please give them to me?.
GL
Keep in mind that most of the $22 million market cap is its...
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