RE:RE:RE:RE:RE:Not even interested in chasing if the stock has a pop at all Assuming the geology works, I think some of these valuations are achievable when you consider the size of this play with distance between wells up to 20 kilometers.
At $10 VLE share price you value the overall Thrace play at $2 billion. And for every $10 VLE share price appreciation you are assigning an additional $2 billion to the overall play. At $30 VLE share price you are at $6 billion valuation of the Thrace play. Reasonable, I think, if the geology works.
Goaweigh wrote: On an average valuation of US $ 20,000 an acre that would work out to around C $ 30 per share.
But then there's a multiple of net annual revenue of US $ 1.6 Billion ! If we can hold out that long what would we be worth... 2 X net revenue = US $ 3.2 Billion ( C $ 4.25 Billion ) or C $ 47 per share or maybe 3 X net evenue = US $ 4.8 Billion ( C $ 6.4 Billion ) or C $ 71
Anywhere between $ 30 and $ 70 works for me !
AndyPap wrote: GA,
The new presentation is good.
I went through it and found it informative.
On Pages 16 and 20, I think, of the presentation the company shows a couple of metrics that demonstrate the extreme undervaluation of the VLE assets.
I think it is worth a read.
AP
Goaweigh wrote: Robert I was thinking the same thing. Shows how vulnerable middle easter assets are which can't hurt the valuation for assets like ours.
Maybe someone will lob a drone at Qatar and then what !
The Americans sell billions of dollars woth or arms to the Saudi's and the Houthis/Iranians take out half of Suadi's oil production with a couple of drones they bought at Toy's R Us.
It's almost funny !
Someone pointed out we've updated our presentation, getting ready for upcoming presentations was the thinking I believe.
Finally seeing some progress on our program and stock price, it's a very competitive market with plenty of other places to invest so it's about time VLE got going.
Could see a very quick double or more from here, we are long overdue !