I hear what you say and dont disagree, however, it was the independant Canadian brokers that came up with a number of $76.00 on the assumption that all went according to a best case scenario.The possibility of an eventual ten bagger is certainly realistic if you consider the recent Risc Report in which they attribute likely gas reserves alone as being 46 TCF net to BRU . Then there is the quoted number of likely liquids as being in excess of a billion bbls. So a ten bagger is very realistic, particularly as none of the wells since the report was compiled have disappointed. Anybody working in the oil industry can run back of the envelope numbers and come up with an eventual share price well north of $20, but as you allude to, this will take time and Eric is working on several fronts slowly but surely locking in value one step at a time. The upcoming drilling/testing program will be a crucial step in significant reserves upgrades from which great value will be created.
BRU Price at posting:
$1.60 Sentiment: LT Buy Disclosure: Held
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