RE: $ 3.12 OR $ 6.24I dont know where you got the numbers you are using for comparisons. If 5000 barrels a day in Kurdistan is worth 450 million, why arent my Mart Resources shares worth more than .65 cents? They produced an average of 8533 BOPD for 2010. they have about 10-15K Barrels per day they have found, drilled and could produce in the next 6 months or so. Does this mean that MMT is worth say as a low ball number......15,000 bpd.is valued at ....3 x 450 million? That would put the company at a value of 1.3 billion. Yet the cap value of the company is 218.0 million. Now I realize that one is a Kurd share, the other is based in Nigerian, but this seems all out of wack to me.
Now, given that we are not comparing apples and apples, its more like apples and running shoes, do you honestly believe that anyone here would wait until the SP hits 6.24? Or even 3.12? I hold about 125,000. shares and if I could get a 10 times profit, or about 350-400 hundred thousand why the heck would I hold for double that?
Derek