TSXV:ART.H - Post by User
Post by
goldtoeon Feb 20, 2010 12:28pm
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Post# 16803002
value
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what the market will focus on is the results of their initial drill and if it's hugely successful then it will add alot of NAV to VST/NKO and open the door for anyone wanting to take over the black mountain project.
I think Vast will entertain any generous offer for their 37% but i hope they don't sell them selfs short this block has the most promise and could well be a mini Kirkuk with reserves that would see 75 years production at higher oil prices than todays.
The question now is how much will the market be willing to pay "upfront".. anything under $2 would appear to be extremely undervalued as chances are high for success.
salute