GREY:PMGLF - Post by User
Comment by
deismanon Sep 30, 2013 3:01pm
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Post# 21778930
RE:Share Value of ExploreCo
RE:Share Value of ExploreCoI would venture a guess that with the $100M starting capital Plus $37M for their 75% stake in Alvopetrol Plus about $7M for the recent 3 Blocks picked up in the recent Brazil Bid round Plus CAPEX spent on drilling in Brazil prior to closing ( est $5M) for a total of $149M. Divide that by 85M shares for about $1.75 per share IMHO Existing production brought in $800k in 6 months and I'm sure that would be added to quickly.
I think I'll hang on for now.