Harvard POP Valuation $9.83 in 2 yearsHi Investors,
In over 50 years as a Hedge Fund Manager I must say I was taken back when my broker in Zurich sent me this latest news. When living in Malta it takes some time for the venture news to reach us. Thanks to my Broker at UBS whom has been a shareholder since the POP IPO and always talked the story up, I would think ya sure good story but” no mas”.
Today I received a press release that caused panic buying and for good reason. The amount the Korean group is investing $100,000,000 CDN as we all know by now is staggering. When looking at this with technical, value & future cash flow algorithm’s the numbers are shocking. One of my friends whom are a Dean of Quantum Mechanic’s at Harvard did some complex number crunching also and he concurs that the current value model meets endowment funds criteria for the Ivy League schools in the US. They will and probably already have been buying based on in house proprietary formulas that Wall Street would love to get their hands on.
Enough said on the boring stuff, now let’s look at the basics.
Current MCAP = 17.67MillCDN
This is lower than the cash value from the first tranche of financing for 18MillCDN
Current Value of all Assets $51,277,255CDN (not including 18MIllCDN first tranche)
$51,277,255 / 58,900,000 shares out pre financing of 4MillCDN = .87 CDN (todays value)
$51,277,255 + 18MillCDN (first tranche) = $1.19 (this is with zero drilling, include the value from future production = $3.89 on first program wells) should take 12 months to drill from today as per Harvard Geological Dept.
$51,277,255 +18MillCDN (First tranche) +82MillCDN (second tranche) / 74,000,000 shares out = $2.04 (this is with zero production, just cash value)
97 wells at 150 bopb = 14,550bopb /2 = (50%) 7,275bopd for Petro One
7,275bopd x (100K CDN per flowing barrel) = 727,500,000MCAP + $9.83 a share of POP within 2 years.
Seth Goldburger
Cornerstone Complex, Suite A Level 1
Mosta, Malta