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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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WestFire Energy Ltd T.WFE



TSX:WFE - Post by User

WestFire Energy Ltd > On my radar
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Comment by poubelle1on Mar 08, 2012 12:21pm
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Post# 19643935

RE: RE: On my radar

RE: RE: On my radar

Westfire has 88 million shares outstanding and 135 million in debt.

 

88 * 5.1 + 135 = 584/9750 = 60,000 a flowing barrel.

 

Is my math correct?

 

But I think that one has to add in value of undeveloped land to get a true sense of real value. Not sure how to do  that.

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