GREY:SMBZF - Post by User
Comment by
PapaFritzon May 14, 2013 2:47pm
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Post# 21390840
RE: Just for laughs.
RE: Just for laughs. HeyIrish, I like the enthusiasm pal! So assuming 1 Billion barrels x $5. (net after overhead and drilling costs,etc.) $5 Billion x 34% = $1.7 Billion for Simba!
$1.7 Billion / divided by shares out, I'll use 300 M for easy math = $ 5.66 per share and this is just for Kenya!!!
Heck you can even be ultra-conservative and cut that in half which would still equate to nearly $3. per share
JUST FOR LAUGHS!! Laughing all the way to Vegas.....
This is when owning these juniors starts to get fun!