RE:RE:RE:Just saying.The chart will keep rising. Believe it or not this company remains incredibly undervalued and the upside potential from here is enormous. The SP surge to this point got us closer to the current valuation...but this surge is not an indication that a run has been so great that it can't continue as we have not even hit fair value yet based on the prospect.
Yam-1 will likely be a great producer for the company. The first well of the program!!! If Yam-1 can flow the equivalent of 1,500 boe/d (~10mmcf equivalent) as potential suggested by Shaw, this ONE well will produce ~$30M per year. Now multiply that by the full development of the field. Others have done 1,000 to 2,000 well pads in acreage of this magnitude. At full scale we are talking tens of billions $$ in annual revenue for the JV. Cheap labor, incentified tax rates and higher commodity prices.....I bet they can find post tax profit margins of 50% and ROI of each well pad at less than 4 months.
Montney produces mostly from 25m....relative to potential intervals which are 400 m to 1.2 km in length.
This was a $50M MC last month....not because that was the true value, it was because nobody knew that little VLE in the Turkey hotbed even existed. Look at the volumes back then, This was at least a $3 company last month as well.....it was just unknown. Believe it or not there are other junior gems out there with similar stories waiting to be for a break or to be recognized.
Am I pumping or asking you to open your eyes???