GREY:CLLZF - Post by User
Comment by
Whitehellon Jul 18, 2013 10:46pm
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Post# 21617155
RE:RE:RE:someone can explain ?
RE:RE:RE:someone can explain ?ajusted with the interest, it gives me a 5x of EV/DACF (thx again birdie to pointing out my mistake on the first estimate), which i found not so bad for a junior oil and gaz, but not so great either. I usually have an average of 6x on junior... that could foresee a target price of 0,46 $.
But the problem is that i put really optimistic number. i put the 30 % growth on SAGD+ that is not yet a process that has been test on every well even if they have 1 pair well on test. There is a lot of good thing that have to go right (like the 30 % growth on prod with the dilutent) ; the reduction on blending cost...
If everything go perfect and they can get the netback higher, i can see a TP of 0,46 $ but if anything doesn't go the right way, it's gonna be back to a few cents like it's been for a while.
well, don't like the risk/reward value on this one, i will wait until they can prove that there process is working on more than 1 pair well....
later everyone...