PYM pryme energy limited

the start of a journey......, page-4

  1. 222 Posts.
    Yeah thanks, that table of peer market caps and revenues really does put things very clearly in perspective...

    PYm is unbelievably undervalued!!!!

    Yesterdays announcement adds revenues US$70 k per month, which now takes Pryme to annual revenues of A$2.5 mio per annum, (and the 2nd Raven well will lift to A$3.5 mio by year end!!) .... So this now lifts PYM to 5th on the Revenue ranking list ahead of Antares who has a market cap of A$ 68 m....

    So on present revenues alone 55-60 c is justified, ( taking in account the dilution of options) and by year end this will be 75-80 cents on 2nd Raven well, and greater than $1.00 with successful Turner Bayou completions.

    and factoring in additional exploration upside with more project acreage secured it is easy to see this valued much higher into 2008 as further success willl signal to the market these guys are confidently executing a well planned strategy.

    Sooner or later the market will wake up to Pryme, the quiet acheiver.
 
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