been playing around with PE values..according to the last ann,...

been playing around with PE values..

according to the last ann, YPU1 makes $100K each month. which is $1.2mil P.A (Net)

over 103mil shares thats a EPS value of $0.012

With a current price of 17.5c that gives us a PE ratio of 15 (17.5 / 0.012)

Current PE for this sector of the market, is 27.4

which means BUR is trading at half its value of 32c

If only half of the next 24 well's are any good and we only increase our income by say $10mil P.A from them (assuming the worst), that gives us a price of $3.20

thats 18x your money in 3 years from this stock.. how can anyone be selling this.. ???

Macquarie Bank is going to make a killing with its 7% it holds!