Cmon bud, comparing OXR to th likes of VNA and MLB is ridiculous. They were valued on hot air and promises you could see right through.
At 50c, OXR would have a marketcap of about $550mil. In 2 years time OXR WILL be pulling in revenues of probably $250-300mill conservatively with profits of at least $175mill and this is just on current REAL/PROVEN assets. At PE of 10 that should mean $1.75bill. And this is just Laos. Add in any success in other areas, and what values are we talking? Your PE calcs are wrong. All brokers have OXRs real profit in year just passed at $50mil, not your $10mill, which does not take into consideration the book writedown for exchange rate. $50mill profit in first full year of production, not something to sneeze at.
Anyway, we'll talk again in a year's time. I was fortunate enough to predict VNA's and MLBs demise, OXR is a different story.
Cheers
OXR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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