To value RECO: calculate $ 6/barrel (how many barrels???)The best way to calculate RECO fair market value market cap is as follows:
$ 6 per barrel of oil * number of barrels of oil that they have
Hayward calculated that at 525 million barrels of oil, RECO stock is worth $ 24 per share.
The seismic data at the end of September 2021 will tie in holes 6-1 and 6-2 to show that we have a river of oil
The tie in will then be 16 kilometers of oil by 30,000 feet deep (the level in the sky where planes fly).
That means BILLIONS UPON BILLIONS of barrels of oil
So then calculation billions of barrels of oil * $ 6 per barrel and, you will get the fair market value of RECO.
I calculated at 120 billion barrels of oil, we are a company that is worth $ 720 billion in market cap or, 700 times more that what we are valued today.
Good Luck,
mpo