GREY:ARWJF - Post by User
Post by
yellowbobon Oct 14, 2011 9:54am
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Post# 19148775
Presentation
PresentationWhen you look at the chart of their production from a year ago, it was around 30-50 BOE, I'm going from memory, it wasn't very much, at the time the PP was done at 57 cents in december. Now, around 40 cents with 530 BOE, 600 by year end and the company saying 1200 end of next year. Looks cheap.
Presentation showed P & P reserves of 138 mil BOE on the Sydco/ARW properties. That could allow a much higher production rate for a long time?
And the internal rate of return or ROI? WOW. Those blow away the ROI projected by my much loved junior gold stocks.