Message to Wealth2015 about Axe Future ValuationTo: Wealth2015
Regarding the valuation of Axe:
While maximum potential is over $100 per share, the most likely future is for the company to be bought between $5 and $10 per share. However, in order for any of that to happen, the following four things would have to occur:
- Pilot plant must restart
- Up to six months of data proving process succeeds as expected.
- The first contracts for new oil production facilities are awarded.
- The international price of oil must increase, probably to over $150 per barrel.
As those things happen, which at this rate does not look likely until sometime in 2024, This company will then begin to acheive the valuation goals you set so long ago.
Your best internet friend,
JeffreyS