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Paramax Resources Ltd V.PXM



TSXV:PXM - Post by User

Comment by SCORPION17on Jun 09, 2011 12:44am
278 Views
Post# 18691214

RE: RE: RE: Going to have to wait till July

RE: RE: RE: Going to have to wait till JulyI was thinking closer to $5 million in the .10 - .15 cent range. So closer to 35-45 million shares with warrants no doubt. 50% of 5mmcf/day (pre-frac) at $4.85 gas will cash flow a bit but not much really not until the field is fullly developed with 30-50 mmcf/d will we profit greatly at hopefully higher gas prices. And yes to fully develop the field it will cost many millions more. I am a shareholder and want them to succeed but am cuious how that can be achieved with only a couple of hundred thousand dolllars in the bank. Development costs money and with supposed development just around the corner where and when will the money required come from. Can anyone answer that question?
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