Corporate overviewAXE has a new corporate overview up on the website.
The valuation of the technology is STAGGERING!
Market potential > $110 billion
1 . Global heavy oil producers (N. America, Latin America or Middle East) can deploy RF XL to achieve low-carbon and low-cost solutions to heavy oil production challenges. RF XL offers strong economics and quick paybacks supported by seamless expansion of SAGD or rapid greenfield implementation.
11% of 8 trillion bbls, AXE revenue of ~$1.40/bbl
THis is from the axe website, I didnt make this up. I cant even fathom what kind of share valuation this would translate into. Seems to me that 10/share would be chicken feed.
Is 100/share possible?
Unbelievable you can buy this company for .35