OTCPK:MAUXF - Post by User
Post by
knife2on Jun 21, 2011 1:09pm
399 Views
Post# 18744711
TTSB
TTSBRead again pal,
Mart making $20 per barrell is taking into account all the production. So at 18,000 bbls per day. Mart makes $20*18,000. This takes into account the fact that they only have 50%. Said another way they make $40 per barrell at 9000/day.
20*18000= 360,000 /day
let's say 300 days of prod in a yr
300*360,000= $108,000,000 per year "AFTER TAXES". Pretty much net earnings.
I have no problem putting a 6 multiple on that
6*$108,000,000 = 648,000,000 market cap
TTSB you are an idiot