updated arrowhead and some more analysis, page-3

Hi FF

Thanks for posting the link ... I'll have a good read of it tonight.

Somewhere back in the post archives I once did an analysis based on how the Cougar business model could roll out and expand from an initial "seed" cash flow project ... over the next 5 to 10 yrs it isnt hard to see a capitalisation well over $1bill based on cold hard accounting numbers in the complete absence of any blue sky factor ... the current $0.5bill for CNX atm is almost entirely blue sky ... not that i have anything against blue sky lol.

I might try to search for that past post tonight.

Cheers
Dex