nice close elk .. bring on monday , page-11

the thing is... INP's announcement was 120million OIP right. that is also 75% owned so that gives them 90million OIP. then on top of this aswell lets say half is recoverable (my random guess) thats 45million recoverable. thats for a 220million market cap. or u can have a 24mill market cap for 23million recoverable. essentially it is at a 5x discount to INP.... so ELK should be more like $2. the funny thing is tho is that there were soooooooooo many weak longs today getting the f*@*&(#@ out praising heaven above for this exiting opportunity, thats why the shareprice was so depressed and thats why over 50% of the total shares on issue traded today. but now that all the wet pants have left the building, now that we had a solid close and now that we have already got media attention this thing will open up BIG on monday.