FMV OF RECO: To be calculated at $ 6/BARREL of OILBased on the previous posters comparative that Amarco has 270 billion barrels of oil and a market cap of $ 1.7 trillion, it means that the company is valued at $ 6 per barrel of oil.
Therefore we have the 1st number in the RECO equation of $ 6 per barrel of oil.
Now everyone knows how to do math:
$ 6 per barrel of oil * HOW MANY BARRELS OF RECO OIL = FAIR MARKET VALUE OF RECO
Haywood had used a modest find of 500 million barrels of oil at $ 6 per barrel to give a $ 3 billion valuation and, a stock price of about $ 24 per share.
We have potential of 120 billion barrels of oil on 12% of the land.
Jarvie estimated this based on 400 feet of oil and gas, we actually discovered 660 feet of oil and gas in 6-2.
When management says the sky is the limit if they prove these reserves, they were not joking.
You can understand why the shorts are in a bit of a panic.
mpo