Post by
GoldBullz on Sep 09, 2015 9:06am
Just the Facts
The Truth 51-101 and TSX Approved about POP.
POP has over 6,000,000 Barrels in the ground P1 & P2, 51-101 compliant.
POP has over 1.4Mill Cash in the till.
POP has 6Mill free trading shares of GSR & 7Mill GSR warrants total 13Mill shares.
POP has 10,000 Acres of Prime Light Oil Assets.
POP has 2 Producing Wells.
*Now let’s do an ultra-conservative valuation on these FACTS above*
6,000,000 Barrels P1 & P2 @ $1.00 a Barrel in the ground = 6,000,000
1.4Mill Cash = 1,400,000
6Mill Shares of GSR (obviously going way higher) = 1,230,000
7Mill warrants black scholes model .05 (same) = 350,000
10,000 Acres @ 1,000 acre = 10,000,000
2 Producing wells = 1,000,000
= $19,980,000
72,000,000 shares \ $19,980,000 = .28
Now if .28 a share is today’s value, what’s POP going to be worth when GSR EXPLODES HIGHER SHORTLY?
The valuation above does not include any blue-sky for POP assets.
POP is a steal up to .25
Comment by
rarihokwats on Sep 09, 2015 12:44pm
Well, It (GSR)did not explode higher and we are now @ 6 cents. Time to add I guess.
Comment by
TimTimTim on Sep 09, 2015 8:23pm
Goldbullz, why only a $1.00 per barrel in the ground? Isn't the oil worth more than that? I think we could use an increase in that valuation to offset the (bad?) news from GSR today.