RE: RE: RE: RE: Mart Resources ComparisonPublic heel,
The price hit .39 only last week, and was .45 only last July pre the recent uptate figures. And you're saying it wouldn't hit .55 on commercial flow rates? Have you read the recent updates and extra pay? Mira's has a market cap today of only $38m. @ .55 we would still be capped at only $75m..
The NAV alone would be above this, even without further drilling. I'm not sure sure how ambitious they are with a possible 100mmbbls recoverable from the field, but even the present figures will do for now.
Have a look at Mart's reserves. (12mmbbls). They have a market cap of $201m. Yes, they are producing, but it just shows the potential here.