TSXV:PEC.H - Post by User
Comment by
MiningMonsteron Nov 10, 2011 2:25pm
239 Views
Post# 19227223
RE: RE: RE: RE: Issues
RE: RE: RE: RE: IssuesAll things considered, at these sub 30 cent prices, if ALJ is anything other than a complete and utter dissapointment I think that the shares are a decent gamble here.
No one is giving any value to the prospective, but ALJ I think is worth 40 cents. Other estimates range from 30 cents to way up in lala land, but if you risk the 60mm bbl contingent estimate at a very conservative 15% using consensus estimate gas, you have $530mm x .15 = $79.5mm risked/200 million shares =
.40 per share.
So I think ALJ is worth 40 cents. So positive flow test results should give a major boost to the shares, negative news could keep us sub 30 for tax loss season. Anyways I think its a good entry point, good luck.