Yep... I made this on the announcement thread...
IMHO it is overdone. At time of writing this we have a MC of $13.5m... about $9.5m cash (pre-spud) giving us an EV of around $4m (not sure what this drill cost us). We have another drill in a different prospect in a few months. But more in importantly we have up to $16m from Cliff Head starting to come in in a few months (at least $8.5m in the first 2 stages). And we also have our holdings in GAS.
By my calculations, with a MC of $13.5m right now... we are priced below our cash and asset valuations right now.
Yep... I made this on the announcement thread... IMHO it is...
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