why we only 1c above cash in bank?, page-10

Here's a quick valuation:

Cash less loan = $64m
Land left at Niobrara - assume $3,500 x 17,000 acres = $59m
Total = $123m

Mkt Cap at 6.3cents with all $2b issued = $126m less options money of $5m = $121m

Currently with a Nil Value - The ORRI - 3.8%, Producing wells (add Gary better than Gene at present) + strong oil & gas shows on rodney & earl, gas properties less tax bills, diamonback and so on.

Alternatively the rest of Niobrara = Nil Value and the above extra's = $59m (considering with gene only and no land sale/value was worth 3.5c or $70m with 2B shares issued)

The Good News Boardroom table and chairs - current worth $1,500 on ebay, therefore more than most of the other assets.

Is it worth a punt for a speck stock? I guess everybody can make up their own minds on that.