100 Million!I'm loving the recent gains in this company. (and the whole market) I'm not usually one to buy penny stocks but I have to say I love the reward potential with this company. IF Durango produces anywhere near what they say it is, and IF if continues to produce all year, my calculations are that Durango will make 100 million US (gas and oil combined) annually at the present gas rates. Can someone please check my numbers????
(30000000cuf / 1000) X $8.25 = $247500 per day
720 barrels of oil X $40 a barrel= $28800 per day
247500+ 28800 = 276300 X 365 Days = 100 MILLION revenue per year.
Pretty nice for a small penny stock!