GREY:BNKPF - Post by User
Comment by
BrokerGon Mar 11, 2019 11:32am
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Post# 29467975
RE:News update
RE:News updateThe good:
1] Increase in reserves- proved and possible
2] NPV increase- which puts us at $1.30 intrinsic value- based on proved and a 10% discount rate Will we ever get there? Probably not in my lifetime. We need massive funding to get this done. The question is where are going to get this funding and when?
The bad:
1] current flow from brock and anderson are low[ 250 and 290 boepd]
2] After 6 months they still do not have consistent flow back. Who is operating this mess?
As of this message, market reaction is what I thought,-who cares!!