OTCPK:GNOLF - Post by User
Post by
UpPeriscopeon Mar 09, 2020 2:51pm
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Post# 30784596
This is the sort of over-stated confidence that has Genoil
This is the sort of over-stated confidence that has Genoil at <2 cents today:
"Genoil as an oil field service company converts heavy, highly sulphured oil into light oil with hardly any sulphur from total world deposits of 900 billion barrels of heavy oil at a average profit $40.00 a barrel at one hundred dollars a barrel WTI or 36 trillion dollars of created value and at $50.00 a barrel WTI $20.00 a barrel or 18 trillion dollars of created, potential value. Genoil's minimum royalty is $3.00 a barrel or 2.7 trillion dollar minimum but 15% of spread if it is higher and so at $40.00 incremental value (spread) that is created the royalty would be six dollars a barrel or 5.4 trillion dollars.
With WTI at +/- $30.00 today, how do you justify a $3.00/bbl (minimum) royalty Davey? You're selling combs at a convention of bald men.