where are the 8 barrels per day, page-21

Skater

Only to challenge your thinking ... nothing more ...

By fundamental analysis did you mean ...

http://en.wikipedia.org/wiki/Fundamental_analysis

Imo, no emerging UCG company can be valued by strict fundamental analysis because there are no financials to go by. There are not even 100% proven technologies amongst the hopefuls. Some are some still developing their technologies. Most companies are using fiancial projections based on modelling.

A further definition ...

In the Wikipedia definition of "fundamental" ... http://en.wikipedia.org/wiki/Fundamental_analysis ... I think the most valuable phrase I saw was "Foundation of reality".

In your use of "fundamental" (and mine and anybody's) what happens if one of the foundations sinks or never was a foundation? At best, "fundamental" applied to an emerging technology company should be regarded as being in constant need of reality checks imo.

I suspect the originator of this thread was doing just that.