RE:Valuation
Hi Doc
Just a couple of questions. Are you saying the if we had this operation 2 years ago, we would be at $0.52 per share or $13 a share post consolidation.
Also just wondering why we are so confident that Total is going you run their pipe through our front door. First if we were to expand where would the financing come from for say $50MM to $100MM.
If these large volumes could appear in the next year or 2 maybe another company with capital would consolidate the opportunity and build their own plant and bypass us.
Don't get me wrong ...I like your analysis and comments.