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Mira Resources Corp V.MRP



TSXV:MRP - Post by User

Comment by midtown1on Oct 06, 2012 5:15pm
339 Views
Post# 20457521

RE: RE: -Question-

RE: RE: -Question-

There are no answers for sure unless you can convince the parties involved to open up what is happening.  Maybe the interested parties don't want to disclose who they are or what their bottom line is....Would you if you didn't have to?  Where would they see the advantage in that? 

Maybe this will help put your mind at ease.  20-30 million barrells deep heavy oil reserves producing roughly 1200 bd (needing continuous flood or stimulation while not making profit yet) goes for 100-125 U.S million dollars in the U.S. I come to this number from looking at the transaction about to close regarding the sale of Nimin energy.    They are still listed if you want to check them out for comparison (TSX.NNN).                                                                                                                                                                      Mira's oil isn't heavy and it will flow on its own.  Their market cap. plus liabilities is approx 32 million dollars.  These 18 cent shares are sorta worth 72 cents. That's buffer enough for me.  Besides, Wells that produce in the hundreds or thousands of b.o.d.  MAKE MONEY!  and are considered core assets to any company, big or small.  If you sell these kind of companies short because payday wasn't yesterday you should quite playing the markets.  Good luck to all.

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