GREY:CLLZF - Post by User
Comment by
barakon Sep 08, 2007 7:26pm
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Post# 13361788
RE: Taking a chance here...BE HONEST
RE: Taking a chance here...BE HONESTWhat do you expect/hope the share price to be at in 2 yrs, 3yrs, and 5 yrs?
Conservatively, I expect that CLL will reach 9,000 bpd by the end of 2008. Taken into account the reduced price that bitumen fetches along with production costs, a guestimate of $35/bbl net. This means a profit of $315,000/day or 115,000,000/yr or $0.57/shr. I think a multiple of 15 is reasonable for a growing company, therefore that fetches a share price of $8.55 just for the Oil Sands part of the company.
I would say that the CLL could be worth $10 by the end of the year 2008 when taking into account the other parts of the company and the fact that things don't always go as well as you hope.