TSXV:ART.H - Post by User
Post by
Serotonineon Oct 03, 2009 11:27am
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Post# 16359679
If I understand well...
If I understand well...A discovery of 100 millions of barrels would worth 153 millions of $...
So, 153$/303shares(fully diluted)= 0,50$ of value per shares for each 100 millions of barrels discoverded...
Finally, to reach the Maysteelers' target we would need a 4 billions of barrels discovery...That would bring the share price to approx. 20$...
So the 20$ is not totally out of the cards, we need an HOC style discovery!
GLTA