RE:marvelous jobThere is big potential here in terms of forward production.
you had posted (now removed) in terms of $ millions .. something like, paying, as an example: $0.75 x 92M shares for a buyout figure of $69M ..
$69M would represent several years of royalty payments @ current production rate & oil prices ..
Given (the so far) very favorable drill program and expansion results, lets speculate 7 of the ten wells are sucessful for arguements sake - over the next year, and the share structure remains unchanged, what estimate value would you place on a buyout on a per share price ? Last you/we posted/discussed, we would be happy to see an offer 60 - 80 cents.
What interval, in terms of time, would you say is acceptable to apply .. e.g. 2 yrs, (8 royalty payments), 3 years (12 royalty payments) 5 years ? in the calculation of potential buyout offer.
I have no idea really, how I would approach a buy out of the royalty and as I mentioned, I would have simply referred back to you post .. but its gone .. ..
Ahk.