OTCPK:WSRLF - Post by User
Comment by
hrockon Aug 10, 2010 11:30am
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Post# 17337445
RE: The Loaded Question
RE: The Loaded QuestionDa Rock ain't no captain, but I take the liberty of responding with my estimate.
The peak price with good oil news will be in the range of 10 times the price, that is an estimate of $4 to $8 dollars per share dependant upon starting point. That 10 fold figure is from previous discoveries by Heritage Oil etc.
Inevitably there will be a price drop after the peak, as profits are taken.
As to the eventual ultimate high pricing, that is unknowable, dependent upon many unknowns.
Da Rock believes in the eventual oil news!
Gold luck to you all!
HardRock
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Given the possilble best outcome and using an estimate of 2 billion barrels recoverable oil what is the target price we could reasonably expect?
Captain Nelson (have not heard from you in a while)- I know you have a figure in mind and would appreciate any input you can give on this or anything else WZR.
Please no G40 diatribes,just a reasoned assesment.
Thanks guys/gals