RE:Target price on success: $ 24/share to $ 5,760/shareHiddensecrets wrote: This post assumes we are successful anywhere from moderate level to a smash hit.
Per Haywood:
Modest Success
500 million barrels of oil equates to a stock price of: $ 24 per share (3.6 billion)
(Oil value: 500 million * $ 50 per barrel = $ 25 billion)
Ulitimate Success
120 billion barrels of oil equates to a stock price of: 5,760 per share ($86 billion)
(Oil value: 120 billion * $ 50 per barrel = $ 6 trillion)
Present valuation: $ 600 million (including warrants / options)
Potential: Min: $ 3.6 billion Max: $ 86 billion
I guess this begs the question, who in their right mind is willing to sell or short this stock given this potential?
MPO
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there are always two sides to every trade ... the shorty shorts are jumping in hoping they hit some dry holes .. while the longs are already thinking they hit some gushers.... so right now its paper only being traded... and hype and the promise of hiting something running this up.... so going to be intresting to see who is going to to be right... reminds me of NIKO ... went to hundreds of dollars to zero... so there are going to be plenty of people on both sides of the trade ...