RE:RE:RE:SHOW ME THE MONEYSo if we give a conservative 5x valuation on $100 million due to this crappy market and with a current 377.68 million shares outstanding then we would see a $1.32 share price.
Even at the current $3 million a month and no new wells added in = $36 million/year x 5 = $180 million/377.68 million shares = $0.48 cents.
So I would say we are certainly undervalued at $0.41 cents.