Arcan Resources Ltd ARNBF

Use their numbers

[good40]

All you have to do is review historic production and capex,  compare it to this years capex and production,  then project to next year.  If it seems workable,  then long term viability should be guaranteed.  If it doesn't seem workable,  then the current share price is too expensive.  I don't see it and have already shown reference.

There's no bashing with that formula,  it's just facing the facts.  Pumpers would have you believe that estimated future net revenue,  from reserves that only have a 50% chance of being recovered (2P),  should be the backbone of current share price.  Not true,  and illegal to advertize in that manner.