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Paramax Resources Ltd V.PXM



TSXV:PXM - Post by User

Comment by StockBadBoyon May 04, 2010 8:49am
280 Views
Post# 17059557

RE: RE: My analysis of trading yesterday.

RE: RE: My analysis of trading yesterday.Good question. From the Rose report, 7 prospects with 10 wells each at >$100M per prospect means NPV of >$700,000,000 with 50% owned by PXM, equals NPV of $3.50 per share for PXM. The variables that remain, how long will it take, will they be taken out before by a major, are there more prospects than 7, do they have other properties (FIncastle), etc. and the list goes on. I would guess they could easily put 2-3 rigs working and open up a few prospects in very quick time (i.e. perhaps 3-6 months). Good luck.
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