SNM Mkt Cap $ 600 million vs LFD $ 38 millionHello Everyone,
Market cap of SNM for making a discovery of oil (6300 barrels of oil per day) is $ 600 million.
Market cap of LFD which will confirm 5,000 to 10,000 barrels of oil per day by September 2011 and produce October 2011 is a measily $ 38 million.
SNM trading at 15X the market cap of LFD and, yet has less oil and, lower grade than LFD commercial grade of 41API
I guess LFD will show up now and say that there is HUGE RISK in LFD compared to others at $ 38 million.
No point talking to idiots whom still see risk in LFD. As I said, money and brains do not ride together.
JMHO