EXPM:MXMSF - Post by User
Comment by
cpacon Nov 08, 2006 12:55pm
321 Views
Post# 11641174
The $1.50 target
The $1.50 targetwas based on a speculated 1000 barrels X 7 times cashflow... which for a company that is intending to grow via the drill bit, that's a reasonable number... the potential for success beyond the first well would add to that target price and I think it's reasonable to assume taht if they have one fantastic hole, the company's not going to be a one shot wonder!