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Bullboard - Stock Discussion Forum Bridge Resources Corp V.BUK

TSXV:BUK - Post Discussion

Bridge Resources Corp > 100 Million!
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Post by Mrigs on Jan 06, 2009 5:03pm

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!

Comment by mikerosoft666 on Jan 07, 2009 1:52am
I'm surprised we are not much higher with the GAZPROM   shut off to European Countries...
Comment by Mrigs on Jan 07, 2009 11:29am
Still 100 million is more then their total debt/liability is.  They are going to have a huge increase of spending and increased revenue from increased investment. They may not be cash rich today, but the revenue is coming in and we will see a small reflection on the year end coming soon.
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