OTCPK:MAUXF - Post by User
Post by
4funon May 04, 2010 4:57pm
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Post# 17062342
NPV at 10% 79 cents/sh Sleeping Giant!
NPV at 10% 79 cents/sh Sleeping Giant!This resource report is unbelievable! Not only is the present value of the Umusadege Field $267 million ($.79/sh) but the Qua Ibo is shown to have an NPV after tax at 10% of $451 million or $1.34/share for a total value of $2.14/share.
In addtion, the company believes the Umusadege is bigger than the 3rd party engineer report!
I was unaware the Qua Ibo field was such a valuable asset. In order for the engineer to calculate an NPV they must have information to believe when production will begin. It appears to me that once a strong 3rd well is in production cash flow will exceed the ongoing cost of drillng wells in the Umusadege Field. Perhaps this will allow them add a second drill to complete a well in the Qua Ibo Field later in this year?
This company needs a better website, IR effort and analyst coverage. They won't get analyst coverage because MMT does not require new financings. The company needs promotion through letter writers etc. I suppose they will wait until after the warrants expire later this month?
I added over 130,000 shares today and will continue to pick up shares if it drops back.