PP - how bullish is your estimate and how do you ascribe a value of 1C = 0.50 cents 2C = 0.25 cents
3C = 0.15 cents. Material from the Petroleum Consultants indicates "a process recovery efficiency, which quantifies the percent of coal in place that is gasified during the ISG process, was estimated at 80%" and "A geologic risk factor ranging from 40% to 80% was also applied to the estimate"
Given the market cap on the Comparison Chart shown and the Resource Comparison which is a 2C Contingent Resources = Best Estimate - what is the likely price particularly if the "flare" is successful?
Long way to go yet but isnt it (2963 ÷ 3775) a % of Beach Resource Comparison x $645 Mill (Beach Cap) = $506 Mill. LCK currently has about 230.5 Million holders per Oct 2015 Top 20, so $2.20 share. Discounted by a swag still looks more than a buck now or is that too simplistic. On your calcs is it $1,305,145 million ÷ 230.5 Million holders? Can't be. Better than Buffet
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