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Mira Resources Corp V.MRP

Energy Oil & Gas E&P


TSXV:MRP - Post by User

Mira Resources Corp > patience a
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Comment by fracpackon May 03, 2012 9:26am
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Post# 19865514

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: patience a

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: patience a

 

  1. "The Company had no reserves as at December 31, 2011, the end of the Company’s most recently completed financial year."

  2. Wanda you are making a large mistake again assigning $10bbl to the company's potential resource. You said yourself you take the "reserves" and multiply by a dollar amount per barrel.  They have no recoverable reserve only estimate of oil somewhere down there with no commerciality. Imagine if people will pay $10 a barrel for that. We would all be rich. Your estimate is way over the top and not conservative at all. If the report ever comes out we should focus on reserves, these are potentially recoverable.  Let's hope they don't give us a pie In the sky gross unrisked resource.

  3.  

 

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