RE: Can't survive So basically IAMCWC, you are hoping to pickup some shares for
.025 if anyone follows your advice?
Mar 14 News relese "CALGARY, ALBERTA -- (Marketwire) -- 03/14/12 -- Diaz Resources Ltd. (TSX VENTURE:DZR) today announced that the first well drilled in the three well horizontal Dina heavy oil well development program at Macklin, Saskatchewan began production on March 8, 2012. The well is currently producing at a rate of 110 BOPD."
Let's say they get 45% of 100 BOE/day. They get 45 barrells x $70 ish = $1,000,000 per well/year x 3 Macklin wells + more wells coming. These are not exactly duster wells for a company with market cap of $4,000,000.
I'm loading up if they drop to 0.035/share and I bet you'll be racing to grab some with me.
-I may be wrong. Prove me wrong if you can!