Potential Based On Acreage of Sweet Spot LandA Large Norweigan Shareholder has posted this on Norway version of Stockhouse
If any of you have not taken the calculator or set acres prices, I would like to show the potential in Altai and the rest of Quebec O & G below. Working capital: 0.10 CAD (cash + existing gold and oil operations) Number of shares: 55 233 552 At rate 0.24 you pay 14 cents for 170k acres, next to QEC / Repsol's acres. Today's rate equals a valuation of 0.14x55 233 552/170 000 = 46 dollars per acre. What can you expect to get per acre? Previous transactions suggest several thousand dollars for acres with proven resources. CEO QEC M. Binnon has stated he wants at least $ 6000 per piece. to evaluate sales. In its JV, QEC has developed its acres, while Altai has not developed its to the same extent yet. Therefore, it is realistic to assume lower pricing before a complete derisive has been completed by the company. At $ 600 -> 1.95 CAD per share. At $ 1000 -> 3,20 CAD per share. At $ 1500 -> 4.72 CAD per share. At $ 2000 -> 6.25 CAD per share. At $ 3000 -> 9.33 CAD per share. Finally, just for fun (not realistic yet), an estimate of Binnons pricing $ 6000 -> 18.57 CAD. For convenience, the complete calculation is not included in the post. It is also worth mentioning that Altai with its conventional gas will not depend on fracking as much as its neighbors Repsol / QEC