The back of envelope figures look like this.
Income of 30 million from sales + 10 million hawkville
= 40 million.
Debt 45 million.
Year end 5 million debt.
1st Quarter 2014 debt free with 200 million loan facility.
Assets value of 254 million with 254 million shares
= $ 1.00 per share
Either way if they sell the lot and never drill another well,and close shop they can give me $ 1.00 a share.
Looks good from where i am sitting
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