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Paramax Resources Ltd V.PXM



TSXV:PXM - Post by User

Comment by StockBadBoyon Sep 29, 2010 2:16pm
267 Views
Post# 17507794

RE: .95 target price

RE: .95 target priceMassEntropy, that is Mackie's target for Bridge NOT Paramax, however, I believe the share structure is much better in PXM, and Bridge is shedding most things to move completely into Idaho with Paramax since if one reads all the reports and slide deck, there are 10 potential development areas, each with 10 plus holes, each worth in excess of 100 Million dollars plus. They have hit 2 development targets already with sustained gas pressures and are pressing forward with production wells in each development. Still a lots to go here, I suspect we will see much higher share price targets as this gets some legs and they discover more targets. The part I really like is they have more 2D they just shot which is apparently as good as it gets, thus the success rate should continue to be much better or at least as good. All we need is the price of natural gas to move up. And/or there is a possibility that they could hit oil on the drill program to start in the middle of October (an old well showed oil apparently). Anyways, I am hoping that everything hits its stride right now and the company get acquired for a nice tiddy little profit. Let's face it, those that participated at fifity cents at the last financing, surely must have seen something more than the common lay person like myself.
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