Post by
gksrcn61 on Aug 21, 2014 10:58am
Keep It Simple !!!
Hi Friends,
Shares post financing 83,000,000
9000Acres @ 4000K Acre =$36,000,000
Cash in Treasury =$20,000,000
GSR stock in treasury =$1,500,000
83,000,000 Shares / $57,400,000 = .70
This .70 share value is giving zero value for $82Mill (Korean) cash still to come.
This .70 share value is giving zero value for 2 producing wells.
This .70 share value is giving zero value for over 6Mill P1 + P2 + P3 Reserves/Resources.
This .70 share value is giving zero value for 10Mill warrants of GSR.
Always do your due-diligence.
We seek safe harbour.
Comment by
poise on Aug 21, 2014 4:02pm
Ok let's. 20 BOPD * $100,000 per flowing barrel = $2,000,000. $2,000,000 / 89,000,000 shares = 2.2 cents per share. It's another way to determine oil company value. Jmho