GREY:CLLZF - Post by User
Comment by
canada7on Dec 12, 2006 10:14pm
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Post# 11856589
RE: My plan to make a MILLION Dollars more/less
RE: My plan to make a MILLION Dollars more/lessOilbent:
Great summary.
I wonder how do you come up with $100 per share target?
In 2007, we may have 10,000 BB per day production, that will give a value of $400M ($2 per share). It will be worth more because of oil reserve and other revenues. I give $40K value for each bb per day production.
In 2008, we may have 20,000 BB per day production, that will be ($4 per share). So, what is a reasonable target SP for 2008?
To reach $100 per share, it needs to produce 500,000 BB per day. Even all PODs are producing with conventional production, it may produce only 100,000 BB per day only in 5 years......
If oil price jump, the number could change.