Mart Resources Inc MAUXF

RE: Just spoke to Dan at Renmark

[turks1]

 

Thanks a lot for the info. I believe we get a very large % of the oil produced until the costs are paid off and then we are reduced to approx 50%.

 

So at 80%of 10k barrels/d at $60 (?) that would be $480k/day. I am not sure what we would have to pay for taxes? Perhaps someone more knowledagable than I am can help us out.

 

At this CF and 180K shares outstanding we are well below any kind of reasonable CF/share. Perhaps I am missing something here but I still believe this company is one of the most undervalued companies on the market today.