GREY:ROAOF - Post by User
Post by
investor2003on Jul 26, 2006 2:54pm
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Post# 11149379
should be soon 11$ according to
should be soon 11$ according toJoseph S.
He had 7.50$ before the last discovery of 44000 boe which he had an estimate of 30000 boe.
So, it should head to about (very crude estimate) 7.50 x 44000/30000 = 11$ WITHOUT ANY OTHER DISCOVERY.
However, he did say, due to having rig up to 2010, we could see substantial higher prices ....due to any other discovery.
This was a top pick twice.
I am just surprised it ain't 11$ allready. Patience , it will go there sooner than later.