OTCPK:MAUXF - Post by User
Post by
Resilienceon Mar 26, 2009 2:39am
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Post# 15871857
MMT's potential worth
MMT's potential worth
Even at OIL's ridiculous buy-out price they got $ 8.5 per 2p barrel.
I think MMT's 2 P is 28.5 mmboe at$ 8.5 per barrel = 242 mln
Their liabilities ar 42 mln.
So 200 mln/by 317 mln shares gives roughly $ 0.76 US
I don't think they will fetch that, keeping in mind where MMT operates, but it will be a damn sight above current SP.
If it won't be bought, with some extra money untill UMU 5 first oil is sold, they will make it.
Cheers,
R.