TSXV:ABS.H - Post by User
Comment by
SmallCapPickeron Feb 11, 2008 3:38pm
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Post# 14352121
RE: tomorrow is going to be fun
RE: tomorrow is going to be funWith over 77 million shares outstanding, I highly doubt it. At $91/barrel, 100 barrels (their top estimate) would mean $9100 a day. That won't pay for squat. I'm surprised they're even going into production... At 10c a share, TAE would be worth over $10 million. For a company that makes under $10 000 a day? (way under, once you deduct expenses)... riiiight...