my target on SLGLet me make something clear. Junior resource picks based in southern Alberta are my specialty. I bought Celtic EXp(CLT) at 4.00, and true(TUI) at 1.65. My biggest break came from a calgary based company called First Calgary Petroleum(FCP) which I purchased at 2.35/share. It quickly rocketed up to 17.50$/share.
These junior resource companys are my specialty, and guess what? SLG has all the ingredients to make this a 10$ stock. Ive said before that the share price will definatley hit 2.50$ by the end of the 30day hole, and if successfull, it will hit 10 by 2006 when managment will effectivley bring the assets into production.
Its a numbers game folks, and SLG has the numbers.
They have:
1) an Outstanding managment team with a proven track record of success
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2) A great balance sheet, with enough cash to finance drilling unitl 2007.
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3) A projected reserve life index of 7-9 years.
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4) A lot of secured land with appropriate mineral right and permits in Place.
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5)A potentially huge well in a a country with econimic and political stability.
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my 10$ target by mid 2006